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

The bill increases the tax credits provided under the "New Jersey Angel Investor Tax Credit Act" for qualified investments made in New Jersey emerging technology business ventures. It raises the credit amount from 20 to 60 percent of the qualified investment, and from 25 to 65 percent if additional criteria are met. The bill also revises definitions for "New Jersey based business" and "New Jersey emerging technology business" to lower the maximum number of employees from 224 to 149.

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

The bill increases the tax credits provided under the "New Jersey Angel Investor Tax Credit Act" for qualified investments made in New Jersey emerging technology business ventures. It raises the credit amount from 20 to 60 percent of the qualified investment, and from 25 to 65 percent if additional criteria are met. The bill also revises definitions for "New Jersey based business" and "New Jersey emerging technology business" to lower the maximum number of employees from 224 to 149.