New Jersey has jumped on the angel investor tax break bandwagon this week after the state’s governor reversed his position on the tax break in an effort to spur job creation in the state.
Gov. Chris Christie signed the bill into law this week, which gives angel investors a tax credit of up to 10 percent of their investment. The $25 million program limits tax credits to $500,000 per investment. Among the stipulations of the bill are that companies have under 225 employees, and that they do research, manufacturing or technology commercialization within the state.
To read the original article: Angel investor tax break comes to New Jersey | MedCity News
