La. Admin. Code tit. 13 § I-3302
Angel Pool-a group of persons including corporations, partnerships, limited liability partnerships and limited liability corporations composed of persons meeting the qualifications of an accredited investor.
Certification-certification by the department recognizing the company as an eligible Louisiana Entrepreneurial Business.
Department-the Department of Economic Development
LEB-Louisiana Entrepreneurial Business
NAICS-North American Industrial Classification System.
Opportunity Zone-a community development program established by Congress in the Tax Cuts and Jobs Act of 2017 defined as a population census tract that is a low-income community that is designated as a qualified opportunity zone.
Professional Services-occupations requiring specialized education, knowledge, labor, judgment or are predominantly mental or intellectual in nature; and which may require the holding of a professional license. Professional services firms may engage in activities which include, but are not limited to, architecture, engineering, legal services and accounting.
Qualified Investment-a cash investment into a Louisiana Entrepreneurial Business by an Accredited Investor which may be in the form of equity, convertible debt, or other types of subordinate debt as approved by the department. Only the initial principal amount of any debt investment is eligible for the credit.
Reservation Letter-letter issued by the department provisionally indicating the dollar amount of credits which their investors may be eligible to receive if proof of qualified investment can be shown.
Subordinate Debt-
Tax Credit Certification Letter-letter issued by the department certifying the dollar amount of Angel Investor Tax Credits earned by an investor for a particular tax year.
La. Admin. Code tit. 13, § I-3302