Gov. Scott Walker’s proposal to lift the cap on Wisconsin’s Angel Investment Tax program, often referred to as the Act 255 tax credit program, drew support Thursday from the Wisconsin Technology Council and its Wisconsin Angel Network program.
Along with other economic development initiatives, Walker outlined his plans Thursday to lift the cap in order to encourage continued private investment in startup companies.
Subject to legislative approval, the budget will propose removing the maximum cap – which is currently set at $47.5 million – but retains the annual limit, effectively allowing this program to continue into the future.
To read the original article: WisPolitics.com: Wisconsin Technology Council: Budget proposal to lift angel tax credit cap backed by Tech Council, Angel Network
