; (2) in paragraph (36), by striking the period at the end and inserting , plus ; and (3) by adding at the end the following new paragraph: (37) the portion of the angel investment tax credit to which section 30E(f)(1) applies. . (c) Conforming amendments (1) Section 1016(a) of the Internal Revenue Code of 1986 is amended by striking and at the end of paragraph (36), by striking the period at the end of paragraph (37) and inserting , and , and by inserting after paragraph (37) the following new paragraph: (38) to the extent provided in section 30E(g)(2). . (d) Clerical amendment The table of sections for subpart B of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: Sec. 30E. Angel investment tax credit. . (e) Effective date The amendments made by this section shall apply to investments made after December 31, 2017, in taxable years ending after such date. (f) Regulations on allocation of national limitation Not later than 120 days after the date of the enactment of this Act, the Secretary of the Treasury or the Secretary’s delegate shall prescribe regulations which specify— (1) how small business entities shall apply for an allocation under section 30E(e)(2) of the Internal Revenue Code of 1986, as added by this section; (2) the competitive procedure through which such allocations are made; (3) the criteria for determining an allocation to a small business entity, including— (A) whether the small business entity is located in a State that is historically underserved by angel investors and venture capital investors; (B) whether the small business entity has received an angel investment tax credit, or its equivalent, from the State in which the small business entity is located and registered; (C) whether small business entities in low-, medium-, and high-population density States are receiving allocations