Louisiana Bill Provides 35 Percent Tax Credit for Angel Investor Tax Credits in OZs

Friday, July 17, 2020 - 8:45am

Louisiana Gov. John Bel Edwards signed legislation this week to provide an enhanced Angel Investor Tax Credit for investments in federal opportunity zones (OZs). S.B. 24 allows a 35 percent tax credit taken over two years for OZ investments, with an annual cap of $7.2 million for additional credits. The regular Louisiana Angel Investor Tax Credit is 25 percent. The enhanced credit was effective July 1.