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May 27, 2014 | Tom Ballard

SC’s angel investor tax credit not getting many takers

Angel Investor Tax Credit 2Is a tax credit program for angel investors a good thing? The jury is still out in South Carolina where the state approved a “High Growth Small Business Job Creation Act” a year ago that allotted up to $5 million in annual income tax credits available for investments made in high-growth, early-stage companies by accredited investors. Thus far, the state approved just $769,000 in tax credits, which is 15% of the $5 million cap. Read more here.

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