Connecticut’s angel investor tax credit, which was set to expire July 1, has been extended by three years, through July 1, 2019.State lawmakers approved the extension as part of their $19.76 billion budget hatched recently in special session.The credit, which is available through the state’s quasi-public venture arm Connecticut Innovations Inc., applies against the personal […]
Connecticut's angel investor tax credit, which was set to expire July 1, has been extended by three years, through July 1, 2019.
State lawmakers approved the extension as part of their $19.76 billion budget hatched recently in special session.
The credit, which is available through the state's quasi-public venture arm Connecticut Innovations Inc., applies against the personal income tax and equals 25 percent of the amount taxpayers invest in technology-based businesses, up to $250,000.
State law also allows investors to sell, assign or transfer all or part of the credit to other taxpayers.
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