2009 Louisiana Laws TITLE 47 Revenue and taxation :: RS 47:6020 Legislative findings and purposes
§6020. Legislative findings and purposes
A. The legislature finds that the welfare of the state is enhanced by a healthy entrepreneurial business environment and that ready sources of capital necessary to support this environment are not currently available.
B. This Act* is intended to achieve the following purposes:
(1) To create the Angel Investor Tax Credit Program to encourage third parties to invest in early stage wealth-creating businesses in the state.
(2) To expand the economy of the state by enlarging its base of wealth creating businesses.
(3) To enlarge the number of quality jobs available to retain the presence of young people educated in Louisiana.
Acts 2005, No. 400, §1.
NOTE: Acts 2005, No. 400, provides that the provisions of the Act "shall become effective for all income tax and franchise tax years beginning on or after January 1, 2005. However, this Act shall become null and void on December 31, 2009."
*As appears in enrolled bill.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
