Louisiana HB665: TAX CREDITS: Provides relative to the Angel Investor Tax Credit Program (EN -$1,000,000 GF RV See Note)

What the bill says

An act To amend and reenact R.S. 47:6020(D)(1) and (2)(a), (G), and (H), relative to tax credits; to provide with respect to the Angel Investor Tax Credit Program; to extend the duration of the program; to remove certain limitations on claiming of the credit; to provide for applicability; to provide for effective dates; and to provide for related matters.

From the introduced text:

AN ACT To amend and reenact R.S. 47:6020(D)(1) and (2)(a), (G), and (H), relative to tax credits; to provide with respect to the Angel Investor Tax Credit Program; to extend the duration of the program; to remove certain limitations on claiming of the credit; to provide for applicability; to provide for effective dates; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 47:6020(D)(1) and (2)(a), (G), and (H) are hereby amended and reenacted to read as follows: §6020. Angel Investor Tax Credit Program * * * D. Tax credits. (1) The total amount of tax credits granted by the department in any calendar year shall not exceed three million six hundred thousand dollars. No new credits shall be authorized after December 31, 2026. The department shall, by rule, establish the method of allocating available tax credits to investors including but not limited to a first-come, first-served system, reservation of tax credits for a specific time period, or other method which the department, in its discretion, may find beneficial to the program. If the department does not grant the entire three million six hundred thousand dollars in tax credits in any calendar year, the amount of residual unused tax credits shall carry forward to subsequent calendar years and Page 1 of CODING: Words …

Read the full official text

Sponsors

• Matthew Willard (D) · primary sponsor
• Paula Davis (R)
• Fisher, Adrian (D, 16)

Latest actions

1. July 1, 2025: Becomes Act No. 515 without the Governor's signature.
2. July 1, 2025: Effective date: See Act.
3. June 13, 2025: Sent to the Governor for executive approval.
4. June 12, 2025: Conference Committee report received. Lies over under the rules.
5. June 12, 2025: Rules suspended.
6. June 12, 2025: Conference Committee Report read, roll called, yeas 82, nays 11. The Conference Committee Report was adopted.
7. June 12, 2025: Notice House adopted the Conference Committee Report.
8. June 12, 2025: Conference Committee Report read; adopted by a vote of 33 yeas and 4 nays.
9. June 12, 2025: Notice of Senate adoption of Conference Committee Report.
10. June 12, 2025: Enrolled and signed by the Speaker of the House.

Votes

• Senate Vote on HB 665, ADOPT (#999) (June 12, 2025): 33 yea, 4 nay, passed
• House Vote on HB 665, ADOPT CONFERENCE REPORT (#1257) (June 12, 2025): 82 yea, 11 nay, passed
• House Vote on HB 665, REJECT SENATE AMENDMENTS (#1150) (June 10, 2025): 86 yea, 0 nay, passed
• Senate Vote on HB 665, FINAL PASSAGE (#766) (June 8, 2025): 34 yea, 3 nay, passed
• House Vote on HB 665, FINAL PASSAGE (#348) (May 12, 2025): 87 yea, 9 nay, passed

Common questions

What is HB665?

HB665 is a bill in the Louisiana Legislature (2025 Regular Session): TAX CREDITS: Provides relative to the Angel Investor Tax Credit Program (EN -$1,000,000 GF RV See Note).

What does HB665 do?

In its own words: An act To amend and reenact R.S. 47:6020(D)(1) and (2)(a), (G), and (H), relative to tax credits; to provide with respect to the Angel Investor Tax Credit Program; to extend the duration of the program; to remove certain limitations on claiming of the credit; to provide for applicability; to provide for effective dates; and to provide for related matters.

What is the status of HB665?

Passed both chambers as of July 1, 2025. Latest action: Becomes Act No. 515 without the Governor's signature. (July 1, 2025).

Who sponsored HB665?

Matthew Willard (D), with 2 co-sponsors.

Where is the official record for HB665?

On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=25RS&b=HB665