Louisiana Angel Investor Tax Credit Investments in OZs Eligible for Enhanced Credit

Wednesday, January 20, 2021 - 8:45am

Certain Louisiana Angel Investor Tax Credit investments made in opportunity zones (OZs) are eligible for an enhanced tax credit of 35%, effective today. Louisiana S. 24 made the change to the Angel Investor Tax Credit program, providing the enhanced credit for investments made in businesses in OZs that are certified as Louisiana Entrepreneurial Businesses. The credit is taken over two years in equal amounts, with a $3.6 million annual cap in addition to the existing $3.6 million Angel Investor Tax Credit cap. The program will sunset July 1, 2025.Certain Louisiana Angel Investor Tax Credit investments made in opportunity zones (OZs) are eligible for an enhanced tax credit of 35%, effective today. Louisiana S. 24 made the change to the Angel Investor Tax Credit program, providing the enhanced credit for investments made in businesses in OZs that are certified as Louisiana Entrepreneurial Businesses. The credit is taken over two years in equal amounts, with a $3.6 million annual cap in addition to the existing $3.6 million Angel Investor Tax Credit cap. The program will sunset July 1, 2025.