Insights

Analysis and explainers

How deals in this region actually get done — market practice, terms, and the legal mechanics behind them.

Minnesota's Angel Tax Credit Has Expired — and the State's Own Page Still Describes It in the Present Tense

The statute sunset for tax years beginning after December 31, 2024. The Department of Revenue's guidance page, updated in December 2025, carries no expiration notice. Here is what actually survives.

MinnesotaTaxAngel investing

Wisconsin Kept Its Angel Credit. Minnesota Didn't.

Wisconsin's 25 percent angel investment credit carries no sunset and is live for the 2025 tax year. Minnesota's expired after 2024. For anyone raising on either side of the St. Croix, that asymmetry is now a structuring fact.

WisconsinMinnesotaTaxAngel investing