Increases tax credits for investments in New Jersey emerging technology businesses.

This bill increases the tax credits provided under the "New Jersey Angel Investor Tax Credit Act" for qualified investments in New Jersey emerging technology businesses. The credit increases from 20 to 30 percent for all qualified investments, and from 25 to 35 percent for investments meeting additional criteria. The total credits available per year is capped at $35,000,000. The bill also modifies definitions and procedures for applying for the credits.

Increases tax credits for investments in New Jersey emerging technology businesses.

This bill increases the tax credits provided under the "New Jersey Angel Investor Tax Credit Act" for qualified investments in New Jersey emerging technology businesses. The credit increases from 20 to 30 percent for all qualified investments, and from 25 to 35 percent for investments meeting additional criteria. The total credits available per year is capped at $35,000,000. The bill also modifies definitions and procedures for applying for the credits.