Do convertible notes qualify as an investment under AITC?

Yes. A Qualified Investment is defined as: 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.  *The provisions of the 2021 rule changes regarding a Qualified Investment shall apply to applications filed after the date of promulgation, detailed in the Louisiana Register published on August 20, 2021. *