Creates the Louisiana Entrepreneurial Assistance and Development (LEAD) Program which grants a tax reduction to insurance companies who invest in the fund. (8/15/11)
Creates the Louisiana Entrepreneurial Assistance and Development (LEAD) Program for tax credits for venture capital investments (OR -$37,500,000 GF RV See Note)
Creates the La. Entrepreneurial Assistance and Development (LEAD) Program for tax credits for venture capital investments (RE1 SEE FISC NOTE GF RV)
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 premium tax credits for certain investments made in rural growth funds. (gov sig) (OR -$112,500,000 GF RV See Note)
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)
Establishes the Invest Louisiana Small Business Development Fund and authorizes a premium tax credit for small business growth investments made by qualified investors. (1/1/22) (OR -$30,000,000 GF RV See Note)
To extend the deadline for application to receive tax credits or rebates relative to the Louisiana Quality Jobs Program. (8/15/11) (EN DECREASE GF RV See Note)
Economic Development - Entrepreneurial Leave Tax Credit Program
Provides relative to corporate income tax credits (REF +$12,500,000 GF RV See Note)