Form 321 Angel Investor Tax Credit - New Jersey

What Is Form 321?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 321 Angel Investor Tax Credit?
A: Form 321 Angel Investor Tax Credit is a tax credit program in New Jersey that encourages investment in emerging technology businesses.

Q: Who is eligible for the Form 321 Angel Investor Tax Credit?
A: Individuals or corporations that invest in eligible technology businesses in New Jersey are eligible for the Form 321 Angel Investor Tax Credit.

Q: What is the benefit of the Form 321 Angel Investor Tax Credit?
A: The tax credit provides a 10% or 20% credit against qualified investments made in eligible technology businesses, helping to reduce the investor's tax liability.

Q: What businesses are eligible for the Form 321 Angel Investor Tax Credit?
A: Eligible businesses include companies engaged in research, manufacturing, or technology commercialization in specific industries, such as biotechnology, clean energy, and advanced manufacturing.

Q: How can I apply for the Form 321 Angel Investor Tax Credit?
A: To apply for the tax credit, investors need to complete Form 321 and submit it to the New Jersey Economic Development Authority.

Q: Is there a maximum amount for the Form 321 Angel Investor Tax Credit?
A: Yes, there is a maximum annual limit for the tax credit, which is set by the New Jersey Economic Development Authority.

Q: Are there any other requirements for the Form 321 Angel Investor Tax Credit?
A: Yes, investors are required to hold the investment for at least two years and meet other criteria as outlined by the New Jersey Economic Development Authority.