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Honing the Edge

Angel investor tax credit again bedeviled at Legislature

Last update: June 16, 2008

Maybe next year.

For supporters of a venture capital tax credit, that phrase carries an all-too-familiar whiff of resignation. Despite a dearth of early stage venture capital money in Minnesota, proposals for an angel investor tax credit once again failed to survive the recently concluded legislative season.

"I'm frustrated," said Rep. Tim Mahoney, DFL-St. Paul, chairman of the House Committee on Biosciences and Emerging Technology. "I get it into the bill every year, but it doesn't stay there."

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Honing the Edge: second in a series

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