Angel Tax Credit
In August, 2016 the Commonwealth adopted an Angel Investor Tax Credit provision to be administered by the Massachusetts Life Sciences Center. The MLSC is currently reviewing this new statute and researching best practices in other states that have implemented similar programs. The MLSC, working with the Department of Revenue, will then develop regulations that govern an application and approval process. Please continue to check this site for updates, or subscribe to the MLSC’s Weekly Digest for more information as it becomes available.
To view the statute, please click here.