Tax credits proposed to spur business investments in Minnesota

Friday, March 22, 2019

Gov. Tim Walz, legislators want to reinstate the angel tax credit program. 

State lawmakers and Gov. Tim Walz want to replenish funding for a lapsed program that gave tens of millions in tax breaks to investors who helped start businesses in Minnesota.

The state could spend up to $20 million a year on investors who support startups, under a proposal in the Legislature. Walz did not commit to an exact amount but told members of the TwinWest Chamber of Commerce that the tax credits will be part of the budget he unveils.

Click here to view the original article from the Star Tribune.

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