All Roll Calls
Yes: 334 • No: 27
LouisianaHB 6652025 Regular SessionHouseWALLET
TAX CREDITS: Provides relative to the Angel Investor Tax Credit Program (EN -$1,000,000 GF RV See Note)
Sponsored By: Matthew Willard
Became Law
Revenue and Fiscal AffairsWays and Means
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 2 benefits, 2 costs, 1 mixed.
Larger tax credits for targeted angel investments
Beginning with tax periods starting January 1, 2025, the enhanced Angel Investor Tax Credit equals 35% of eligible investments. Applications must have been received on or after July 1, 2020. Investments must meet program requirements and federal opportunity-zone requirements under 26 U.S.C. 1400Z-1. Alternatively, investments qualify through a Louisiana Entrepreneurial Business in a parish with fewer than 50,000 people. Parish population is based on the most recent federal census taken every 10 years.
Angel investors get faster, income-tax-only claims
The base Angel Investor Tax Credit equals 25% of a qualifying investment. Eligible investments are capped at $720,000 per business each year and $1.44 million per business overall. For tax periods starting in 2025, approved credits apply against income tax for the period earned. They also apply against corporation franchise tax for the following period. For periods starting January 1, 2026, claims are no longer split equally over two years; they apply only against income tax for the period earned.
Professional services businesses gain angel-credit access
Beginning with tax periods starting January 1, 2025, professional services businesses can qualify for the Angel Investor Tax Credit Program. Business plans must show that more than 50% of sales will come from outside Louisiana. Businesses must mainly work in energy and process industries, logistics, aerospace and defense, agribusiness, professional services, life sciences, or technology. Businesses mainly engaged in retail, real estate, gaming or gambling, natural resource extraction or exploration, or financial services remain excluded. The financial-services exclusion includes venture capital funds.
Angel investors face caps and reservation deadline
Louisiana can grant $3.6 million in base credits and $3.6 million in enhanced credits yearly—a $7.2 million total. Starting January 1, 2026, unused annual base-credit allocations no longer roll into later years. Base-credit allocations accumulated before that date remain available until used, and unused enhanced-credit allocations can still roll forward. The department can grant or reserve credits only while unused amounts remain available. No new credits can be reserved after June 30, 2026.
Angel-backed businesses must report more details
Participating Louisiana Entrepreneurial Businesses must submit a report to Louisiana Economic Development. Reports cover investment sought and its planned use, employee and payroll figures, and expected job and payroll additions. Businesses must also report patents, federal awards, Louisiana college or university partnerships, business location, and prior-year revenue. The department can request additional information.
Sponsors & Cosponsors
Sponsor
Matthew Willard
Affiliation unavailable
Cosponsors
Franklin J. Foil
Republican • Senate
Paula Davis
Affiliation unavailable
Roll Call Votes
House vote • 6/12/2025
Conference Committee Report read, roll called, yeas 82, nays 11. The Conference Committee Report was adopted.
Yes: 82 • No: 11
Senate vote • 6/12/2025
Conference Committee Report read; adopted by a vote of 33 yeas and 4 nays.
Yes: 33 • No: 4
House vote • 6/10/2025
Read by title, roll called, yeas 86, nays 0, Senate amendments rejected, conference committee appointment pending.
Yes: 86 • No: 0
Senate vote • 6/8/2025
Senate floor amendments read and adopted. Read by title, passed by a vote of 34 yeas and 3 nays, and ordered returned to the House. Motion to reconsider tabled.
Yes: 34 • No: 3
House vote • 5/12/2025
Read third time by title, roll called on final passage, yeas 87, nays 9. Finally passed, title adopted, ordered to the Senate.
Yes: 87 • No: 9
House vote • 5/6/2025
Reported favorably
Yes: 12 • No: 0
Actions Timeline
Sent to the Governor for executive approval.
6/13/2025HouseConference Committee report received. Lies over under the rules.
6/12/2025HouseRules suspended.
6/12/2025HouseConference Committee Report read, roll called, yeas 82, nays 11. The Conference Committee Report was adopted.
6/12/2025HouseNotice House adopted the Conference Committee Report.
6/12/2025SenateConference Committee Report read; adopted by a vote of 33 yeas and 4 nays.
6/12/2025SenateNotice of Senate adoption of Conference Committee Report.
6/12/2025HouseEnrolled and signed by the Speaker of the House.
6/12/2025HouseSigned by the President of the Senate.
6/12/2025SenateSenate conference committee members appointed: Foil, Jenkins, and Mizell.
6/11/2025SenateNotice House Conference Committee members appointed.
6/11/2025SenateNotice of Senate conferees appointed.
6/11/2025HouseHouse conferees appointed: Willard, Emerson, and Hughes.
6/11/2025HouseRead by title, roll called, yeas 86, nays 0, Senate amendments rejected, conference committee appointment pending.
6/10/2025HouseNotice House rejected the Senate amendments.
6/10/2025SenateReceived from the Senate with amendments.
6/9/2025HouseScheduled for concurrence on 06/10/2025.
6/9/2025HouseRules suspended. Called from the Calendar.
6/8/2025SenateSenate floor amendments read and adopted. Read by title, passed by a vote of 34 yeas and 3 nays, and ordered returned to the House. Motion to reconsider tabled.
6/8/2025SenateRules suspended.
6/4/2025SenateRead by title and returned to the Calendar, subject to call.
6/4/2025SenateCommittee amendments read and adopted. Read by title and referred to the Legislative Bureau.
6/3/2025SenateReported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
6/3/2025SenateReported with amendments.
6/2/2025SenateRead second time by title and referred to the Committee on Revenue and Fiscal Affairs.
5/13/2025Senate
Bill Text
Enacted
Engrossed
Enrolled
Introduced
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