Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
State of Minnesota
S.F. No. 788 - Reinstate and make permanent the angel investment credit
Author: Senator Paul T. Anderson
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
Date: April 1, 2019


The small business investment credit, commonly known as the angel investment credit, was enacted in in 2010 for tax years 2010 through 2014. In 2014 the credit was increased and extended to tax year 2016. The credit was extended in 2017 for the 2017 tax year and has expired as of tax year 2018. 

Tax year     Allocation
 2010            $11 million
 2011            $12 million
 2012            $12 million
 2013            $12 million
 2014            $12 million
 2015            $15 million
 2016            $15 million
  2017            $10 million 

This bill would allocate $20 million each year for the credit and make the credit permanent. The bill repeals provisions for reporting requirements and the commissioner’s audit authority related to the sunset of the credit. These are no longer applicable if the credit is permanent. Effective beginning in tax year 2020.

Check on the status of this bill
Back to Senate Counsel and Research Bill Summaries page

This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
Last review or update: 04/01/2019
If you see any errors on this page, please e-mail us at