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Committee considers renewing and expanding angel investment tax credit to spur startups
Summary
Vice Chair Norris's House File 2,723 would renew and increase Minnesota's Angel Investment Tax Credit, raising the annual cap and investment cap and extending the program to grow the startup economy; business groups testified in support and the committee laid the bill over.
The House Taxes Committee on April 2 heard House File 2,723, authored by Vice Chair Norris, seeking to renew and expand Minnesota's Angel Investment Tax Credit to attract early-stage capital for startups and to promote investment in Greater Minnesota and among underrepresented founders.
Vice Chair Norris described the bill as a tool to cultivate…
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