SC’s angel investor tax credit not getting many takers
Is 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.
