Delaware Angel Investor Tax Credit
Delaware has enacted a refundable personal income tax credit- Angel Investor Job Creation and Innovation Act ("Angel Investor Tax Credit") equal to 25% of an individual’s qualified investment in a qualified small business effective for tax years beginning after January 1, 2019, and returns filed after December 31, 2019.
Delaware's Angel Investor Credit expires beginning on or after January 1, 2022. Any credit which exceeds the tax shown on the investor’s tax return is refundable to the investor. Accordingly, to maximize the benefits, analysis and application process should be started as soon as possible.