Creates the Angel Investor Tax Rebate Program (OR DECREASE 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)
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)
DOD Entrepreneurial Innovation Act This bill requires each military department to annually designate at least five eligible programs as Entrepreneurial Innovation Projects. Eligible programs are certain projects currently pursuing commercialization objectives that initially received funding for research and development through the Small Business Innovation Research Program or Small Business Technology Transfer Program. Once designated, programs must be included in future budgets and plans of the Department of Defense. Each military department must establish an advisory panel to identify and recommend eligible programs for designation.
Creates the Louisiana Entrepreneurial Assistance and Development (LEAD) Program for tax credits for venture capital investments (OR -$37,500,000 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)
Creates the La. Entrepreneurial Assistance and Development (LEAD) Program for tax credits for venture capital investments (RE1 SEE FISC NOTE GF RV)