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Tax Credit for Investors Supporting New Technology Businesses

This new law introduces a tax credit for individuals who invest in small, innovative technology companies. The aim is to encourage support for the development of new businesses and job creation, by offering a return of a portion of the invested money as a tax credit.
Key points
You can receive a 25% tax credit on your investment, up to a maximum of $250,000 per year.
Investments must be in new, small technology companies (under $1 million in revenue, fewer than 25 employees, in existence for less than 7 years).
There is an annual national limit of $500 million for the entire credit, allocated by the government.
The investment must be held for at least 3 years to avoid having to repay the credit.
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Expired
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Additional Information
Print number: 117_S_5262
Sponsor: Sen. Murphy, Christopher [D-CT]
Process start date: 2022-12-14
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Angel Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5262.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-14.

What are the main provisions?

Key points include:

  • You can receive a 25% tax credit on your investment, up to a maximum of $250,000 per year.
  • Investments must be in new, small technology companies (under $1 million in revenue, fewer than 25 employees, in existence for less than 7 years).
  • There is an annual national limit of $500 million for the entire credit, allocated by the government.
  • The investment must be held for at least 3 years to avoid having to repay the credit.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Murphy, Christopher [D-CT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy