Converts the Angel Investor Tax Credit Program to the Angel Investor Rebate Program and provides for the rebate program (EN -$20,000,000 GF RV See Note)
Authorizes the Department of Economic Development to grant up to $5 million of rebates per calendar year at the rate of 35% of an investor's investment in "Louisiana Entrepreneurial Business," not to exceed $1 million per year per business and $2 million total per business and requires the Louisiana Mega-Project Development Fund to be reduced each fiscal year by an amount which equals the rebates granted. (gov sig) (REF DECREASE GF RV See Note)
Provides for the eligibility for the Angel Investor Tax Credit Program (OR DECREASE GF RV See Note)
Reestablishes the Angel Investor Tax Credit Program
Extends the sunset and provides for the amount of the Angel Investor Tax Credit (EN DECREASE GF RV See Note)
Provides for the taxable periods in which angel investor tax credits may be granted and provides relative to the amount of the tax credit
Authorizes an enhanced Angel Investor tax credit for investments made in Louisiana Entrepreneurial Businesses located in federally established opportunity zones (EG -$500,000 GF RV See Note)
Creates the Louisiana Entrepreneurial Assistance and Development (LEAD) Program for tax credits for venture capital investments (OR -$37,500,000 GF RV See Note)