NJ Gives Angel Investors A Break For Backing Tech Firms

Law360, New York (February 1, 2013, 7:28 PM EST) -- Investors in New Jersey’s emerging technology companies will be eligible for new tax credits on those investments under legislation signed into law by Gov. Chris Christie on Thursday.

S-581, known as the New Jersey Angel Investor Tax Credit Act, will establish credits to defray corporation, business and gross income taxes for “angel investors” — wealthy investors who fund high-risk startups.

Such investors will be eligible for tax credits equal to 10 percent of their investments in emerging technology companies, provided the companies employ fewer than 225...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.