LA HB665

Extends the Angel Investor Tax Credit Program deadline from June 30, 2025 to June 30, 2026 for new credit reservations, with the program continuing until accumulated unused credits are exhausted

Establishes a 25% tax credit rate on investments up to $720,000 per year per business and $1.44 million total per business, with an enhanced 35% credit rate for investments in federal Opportunity Zones or parishes with populations under 50,000

Limits annual tax credits to $3.6 million for standard credits and an additional $3.6 million for enhanced credits, for a combined program cap of $7.2 million per year

Requires qualifying businesses to operate in targeted sectors (energy/process industries, logistics, aerospace/defense, agribusiness, professional services, life sciences, technology) and removes professional services from the list of excluded business types

Mandates participating Louisiana Entrepreneurial Businesses submit reports to Louisiana Economic Development on investment amounts, employee counts, payroll, patents, federal grants, university partnerships, and annual revenues