New Jersey bumps up its “angel investment” tax credit. The state is increasing the amount of the “corporation business and gross income” tax credits available for qualified investments under the NJ Angel Investor Tax Credit Act. The increase is from 10% to 20% of the qualified investment made by a NJ taxpayer in an emerging technology business. The credit also applies to emerging technology business holding companies that make verified transfers of funds to emerging technology businesses in NJ. The increase is effective for tax years beginning on or after Jan. 1, 2020. Contact the Cg Team for more information. © 2019