The governor today signed S-158(Madden Cruz-Perez)/A-3631 (Quijano, Schaer) into law, which extends eligibility for the existing Angel Investor tax credit to the holding companies of qualified New Jersey emerging technology companies. Previously, investors had to provide funding directly to the subsidiary in order to obtain the tax credit. Additionally, the law allows owners of S […]
angel investor tax credit
The future of New Jersey’s economy is linked to the state’s ability to attract innovative, high-tech companies. These small and emerging high-tech companies rely on research and development, as much as marketing and sales for their success. NJBIA has been working to build up New Jersey’s innovation ecosystem for the last six years and that […]
The New Jersey Business & Industry Association today urged the Assembly Appropriations Committee to support extending the Angel Investor Tax Credit Program to holding companies making investments in high-tech businesses. “Angel investors provide technology startups with the capital they need to bring their innovative products to the marketplace,” said Andrew Musick, NJBIA’s director of Taxation […]
The New Jersey Business & Industry Association (NJBIA) today applauded the Assembly Commerce and Economic Development Committee for approving a bill to extend the Angel Investor Tax Credit program to holding companies making investments in high-tech businesses.