Legislation sponsored by Senators Bob Smith and Raymond Lesniak that would assist in breakthroughs in finance, mathematics, medicine and other…
s581
TRENTON – Legislation sponsored by Senator Fred Madden, Majority Leader Loretta Weinberg and Senator Paul Sarlo that would provide a tax credit incentive for investment groups and individuals to provide capital to emerging technology businesses has been signed into law.
Also known as the “New Jersey Angel Investor Tax Credit Act,” the law (S-581) creates specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called “angel investors” are individual entrepreneurs – or groups – who provide the massive capital investments that start-up technology businesses need to get up and running.
“In order for New Jersey to remain competitive in attracting high-tech and biotechnology companies, we must ensure that our policies remain cutting edge,” said Madden (D-Gloucester/Camden). “Paired with our highly skilled workforce, this program will provide the boost we need to attract investment to the Garden State, which will help to grow our economy and create high-paying jobs for our residents.”
“The capital provided by equity investors can help create the kinds of new and innovative technologies that have made New Jersey a world-wide leader in the past,” said Weinberg (D-Bergen). “The economic climate in New Jersey is still not satisfactory and we need take action now to fix it. These kinds of tax credits are really a matter of common sense. They provide the right kind of incentive to get people to invest in New Jersey’s science and technology driven businesses, in turn creating much needed jobs.”
TRENTON – Legislation sponsored by Senator Fred Madden, Majority Leader Loretta Weinberg and Senator Paul Sarlo that would provide a tax credit incentive for investment groups and individuals to provide capital to emerging technology businesses cleared the full Senate today.
Also known as the “New Jersey Angel Investor Tax Credit Act,” the bill (S-581) would create specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called “angel investors” are individual entrepreneurs – or groups – who provide the massive capital investments that start-up technology businesses need to get up and running.
TRENTON � Legislation sponsored by Senator Fred Madden, Majority Leader Loretta Weinberg and Senator Paul Sarlo that would provide a tax credit incentive for investment groups and individuals to provide capital to emerging technology businesses has cleared the Senate Budget and Appropriations Committee.
Also known as the �New Jersey Angel Investor Tax Credit Act,� the bill (S-581) would create specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called �angel investors� are individual entrepreneurs � or groups � who provide the massive capital investments that start-up technology businesses need to get up and running.
TRENTON – Legislation sponsored by Senator Fred Madden (D-Gloucester/Camden) that will provide an incentive for investment groups and individuals to invest in the state’s emerging technology businesses was approved today by the full Senate.
Also known as the “New Jersey Angel Investor Tax Credit Act”, the bill (S-3055) would create specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called “angel investors” are individual entrepreneurs – or groups – who provide the massive capital investments that start-up technology businesses need to get up and running.
“Angel investors provide the capital necessary to spur high-tech businesses and create new technologies,” said Madden. “Offering tax credits to potential investors will serve as an incentive for them to invest in start-up science and technology businesses, which will fuel growth in this sector to create good-paying jobs for our residents and contribute to the overall wellbeing of our state.”
TRENTON – Legislation sponsored by Senator Fred Madden (D-Gloucester/Camden) that will provide an incentive for investment groups and individuals to invest in the state’s emerging technology businesses was approved today by the Senate Budget and Appropriations Committee.
Also known as the “New Jersey Angel Investor Tax Credit Act”, the bill (S-3055) would create specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called “angel investors” are individual entrepreneurs – or groups – who provide the massive capital investments that start-up technology businesses need to get up and running.
“Equity investors are critical to providing the necessary capital that helps spur high tech businesses and create new and innovative technologies,” said Madden. “By offering direct tax credits to angel investors, we will provide an incentive for them to invest in New Jersey’s science and technology sectors, which will help maintain our position as a hub for these businesses and contribute to our state’s overall economic growth.”