Angel Investor Tax Credit Program

CI administers the state’s Angel Investor Tax Credit Program, which gives angels a credit against Connecticut’s state income tax when they invest at least $25,000 in qualifying businesses. If you qualify, your business will be listed on our website so that angels looking to invest can find your startup. The program offers a maximum annual tax credit of $5 million for $20 million of investments (which is equal to a 25 percent tax credit against a Connecticut tax liability).

In accordance with section 12-704d(e)(3) of the CT General Statutes, CI cannot reserve more than 75% of tax credits for investments in emerging technology business as defined before April 1, 2025.  Credits will also be prioritized for veteran-owned, women-owned or minority-owned businesses and businesses owned by individuals with disabilities.  After April 1, 2025, any remaining credits issued will be on a first-come, first-served basis until the $20 million cap is reached.  The program runs from July 1 to June 30 of the fiscal year and expires on June 30, 2028.