Tax break urged for ‘angel investors’. Task force endorses tax benefits for people who put money into Idaho tech, bioscience start-ups

The Governor’s Science and Technology Advisory Council unanimously endorsed a plan Tuesday for an investment tax credit that would substantially reduce the risk for investors who put money into Idaho’s start-up technology and bioscience companies.

The $50 million incentive plan, which requires approval of the Legislature, would include up to a 45 percent tax credit aimed at so-called "angel investors."

Ken Dey
Idaho Statesman

Full Story: http://www.idahostatesman.com/apps/pbcs.dll/article?AID=/20060809/NEWS02/608090327/1029

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Tax breaks for ‘angel investors’ interest Gov. Risch

Idaho Gov. Jim Risch said Wednesday that he’s willing to consider a proposal to offer tax incentives to so-called "angel investors" who provide money for risky start-up companies in exchange for equity.

On Tuesday, the Governor’s Science and Technology Advisory Council unanimously supported a tax credit for angel investors to encourage more investment in small companies.

"I’ll have to look at it some more, but high-tech start-up businesses really do need angel investors," Gov. Risch told the Idaho Statesman. "These are high-risk companies, and the average citizen and average institutional investors aren’t going to invest in start-ups."

Ken Dey
Idaho Statesman

Full Story: http://www.idahostatesman.com/apps/pbcs.dll/article?AID=/20060810/NEWS02/608100354/1029/NEWS02