Income Tax Incentives
Angel Fund Investment Credit
An individual, estate, trust, or corporation is allowed an income tax credit for investing in an angel fund in North Dakota certified by the Department of Commerce Division of Economic Development and Finance.
The credit is equal to 45% of the investment, up to a maximum credit of $45,000 per year. An unused credit may be carried forward up to four tax years. A taxpayer claiming this credit may not claim an income tax credit passed through to the taxpayer by the angel fund resulting from the angel fund’s investment in a qualified business for purposes of the seed capital or agricultural commodity processing facility investment tax credit programs.
