SLS 23RS-197 ORIGINAL
2023 Regular Session
SENATE BILL NO. 47
BY SENATOR CONNICK
TAX EXEMPTIONS. Provides for the Angel Investor Tax Credit. (8/1/23)
1 AN ACT
2 To amend and reenact R.S. 47:6020(H), relative to tax credits; to extend the termination date
3 for the Angel Investor Tax Credit; to provide for an effective date; and to provide for
4 related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:6020(H) is hereby amended and reenacted to read as follows:
7 ยง6020. Angel Investor Tax Credit Program
8 * * *
9 H. No credits shall be granted or reserved under this program for reservation
10 applications received by the department on or after July 1, 2025 July 1, 2029.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Tracy Sabina Sudduth.
DIGEST
SB 47 Original 2023 Regular Session Connick
Present law prohibits credits from being granted or reserved under the Angel Investor Tax
Credit Program for applications received by the Department of Economic Development on
or after July 1, 2025.
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 47
SLS 23RS-197 ORIGINAL
Proposed law extends the sunset of the program from July 1, 2025, to July 1, 2029.
Effective August 1, 2023.
(Amends R.S. 47:6020(H))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.