Illinois Angel Investment Tax Credit Program

The Illinois Angel Investment Tax Credit Program encourages investment in innovative, early-stage companies to help obtain the working capital needed to further the growth of their company in Illinois. Investors in companies that are certified as Qualified New Business Ventures (QNBVs) can receive a state tax credit equal to 25% of their investment (up to $2 million). 

A total of $10 million in Angel Investment tax credits are allocated in CY 2019, 2020 and 2021. Credits will be released by quarter, on a first-come first-served basis. Once tax incentive credits for a particular quarter are exhausted, no further credits can be allocated until the subsequent quarter. The allocation schedule can be found here. 

***We have recently launched a webinar series to learn more about this program.***

If you are a startup and interested in this program, find webinars here. 

If you are an investor and interested in this program, find webinars here. 

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