Investors can receive a tax credit in an amount equal to 20 percent of the qualified investment. For investments in businesses, an additional 5 percent bonus is available if the company is located in an Opportunity Zone or New Market Census Tract, or is certified as women or minority owned by the State prior to the date of investment for the qualified investment. For commitments in qualified venture funds, an additional 5 percent bonus is available if the fund invests a minimum of 50 percent in diverse entrepreneurs. The maximum allowed tax credit is 25 percent of the qualified investment and cannot exceed $500,000.
The total approved amount of Angel Investor Tax Credits under the program cannot exceed $35 million in any calendar year. If exceeded, Angel Investor Tax Credits can be approved for the next succeeding calendar year.