News

Angel Tax Credits Do Help The Economy and Entreprenuership

While the criticism of angel tax credit legislation written in the August 20 article The Problem with Tax Credits for Angel Investors has some merit, the author fails to notice what is right about this legislation as well as the other pieces of legislation which are more inclusive or offer other ways to help propel entrepreneurship. Tax credits can indeed be extremely valuable to both angel investors and entrepreneurs by encouraging private capital to invest. However, tax credits are only one small piece of the puzzle.

The legislation discussed is indeed far too limiting as it only offers a tax credit for investing in SBIR investments. Limiting the tax credit to SBIR companies is like inviting people to a party they can not attend. It certainly might be one way for Congress to keep the cost down but it will have very little impact since there are a limited number of companies that would be eligible, especially to angel investors. (Note: The sponsor of the legislation is from Maryland where a number of government funded companies are located.)

By Valerie Gaydos Chairman, Treasurer Private Investors In Entrepreneurial Endeavors (PiPAC)

Full Story: http://nasvf.org/index.php?option=com_content&view=article&id=735:angel-tax-credits-do-help-the-economy-and-entreprenuership&catid=5:features&Itemid=38

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.