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Tag >> Small Business Innovation Research
Sep 01

Should angels get a special tax credit?

Posted by annearf in tax creditsSmall Business Innovation Researchsmall businessinvestmentangels


There's a bill pending in Congress to give angels who invest in certain companies a 25 percent tax credit.  Whether it would benefit anyone other than angel investors is unclear.

The legislation, the Innovation Technologies Investment Act, would give angels the tax credit for investments in startups receiving Small Business Innovation (SBIR) grants. The federal SBIR program provides funding to small businesses engaged in innovative research. It's meant to encourage more investment in these startups, which tend to have a lot of promise and, possibly, the potential to create jobs.

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