Illinois Angel Investment Tax Credit

Over the past two months, NDH has successfully registered four Illinois start-up businesses as Qualified New Business Ventures under the Illinois Angel Investment Credit Program and has several additional applications pending.  Under the program, qualified investors receive a tax credit equal to 25% of their investment (up to $2M) in a Qualified New Business Venture.   The Angel Investment Credit offsets Illinois income from any source and is carried forward for up to 5 years.   Illinois will allocate $10M of credits to qualified investors annually on a first come first serve basis through 2016.  To qualify, businesses must have the following characteristics:

  • Principally engaged in innovation
  • Fewer than 100 employees
  • Operating lifespan of less than 10 years
  • Illinois headquarters
  • At least 51% of employees located in Illinois
  • Potential for increasing jobs or capital investment in Illinois

See https://www.illinois.gov/dceo/ExpandRelocate/Incentives/taxassistance/Pages/AngelInvestment.aspx for additional information.

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