US State Connecticut is the place to go for tax breaks with the state already offering tax credits to encourage devlopment in areas including research and development, movie production, natural gas. The State has now added a further tax break to business angels to encourage investment and employment growth.
The tax credit, was signed into law by the state Governor M. Jodi Rell. The income tax credit equals 25 percent of a cash investment, up to a maximum credit of $250,000. However critics of the scheme say that the qualification bar has been set too high at $100,000 for most business angels to take advantage.