Yes, the Tennessee Angel Investor Tax Credit applies to Hall income taxpayers who invest their own money to support specifically pre-qualified, Tennessee-based companies. The Tennessee Angel Investor Tax Credit provides accredited angels and angel groups up to a $50,000 credit applicable against their Hall income tax liability.
Companies must meet certain criteria and be pre-qualified by Launch Tennessee to be eligible. Angel investors must submit an investor application within the same tax year the investment was made. If you are inquiring for a fund or angel group, please contact Launch Tennessee at email@example.com to confirm eligibility.