Good news for all of the New York City-based startups out there: A new bill under discussion in the New York State Assembly would give angel investors a sizable tax credit for investing in your company.
The Angel Investor Tax Credit, proposed by Democratic Assemblymember Micah Kellner, would give a 25% tax credit to investors who put between $25,000 and $1 million of their money behind a New York City-based startup. 60% of the startup’s employees must be based in the city for the company’s investors to qualify for the credit.
To read the full, original article click on this link: Run an NYC Startup? New Bill Would Give a Tax Credit to Your Investors
