Increases tax credits for investments made in emerging technology businesses under "New Jersey Angel Investor Tax Credit Act."

This New Jersey bill (A1359) increases tax credits for investors who fund emerging technology businesses. It raises the base credit rate from 20% to 30% of qualified investments, with an additional 5% available for investments in businesses located in opportunity zones, low-income communities, or certified minority/women-owned businesses. The credit applies to investments in specific technology sectors including biotechnology, renewable energy, information technology, and medical device technology. Taxpayers can claim up to $500,000 per investment, and the total annual credits cannot exceed $35 million, with applications processed in order of submission if funding is limited.