TAX CREDITS: Provides relative to the Angel Investor Tax Credit Program (EN -$1,000,000 GF RV See Note)

The total annual tax credit cap was increased from $3.6 million to $7.2 million, and the deadline for authorizing new credits was extended to December 31, 2026.

Rules regarding the carry-forward of unused tax credits were changed; credits can no longer carry forward after January 1, 2026, unless they were accumulated before that date.

The bill text was updated to remove the requirement that applicants list the number of patents filed and issued to the business in their reports.

The bill was reverted from an 'Enrolled' status to an 'Original' draft, removing the representative and senator sponsor names and adjusting the descriptive title.

Added specific eligible business sectors including energy, logistics, aerospace, agribusiness, professional services, life sciences, and technology.

Removed the general requirement that businesses must have more than 50% of sales from outside Louisiana for standard eligibility.

Added an exclusion for businesses primarily engaged in retail, real estate, professional services, gaming, natural resource extraction, or financial services.

Created a new 'enhanced credit' category for businesses with over 50% outside sales or those located in parishes with populations under 50,000.

Added detailed reporting requirements for applicants, including data on patents, federal grants, partnerships with universities, and specific revenue figures.

Changed the deadline for reserving new tax credits from December 31, 2026, to June 30, 2026.

Extended the program's duration by changing the cutoff for residual unused credits from January 1, 2026, to January 1, 2027.