The Georgia Department of Revenue has updated its rule concerning the qualified investor (angel investor) tax credit available against personal income tax liabilities in order to conform to statutory changes (TAXDAY, 2015/05/12, S.10). The amended rules also reflect the requirement that Form IT-QBR (Qualified Business Registration) and IT-QI-AP (Qualified Investor Tax Credit Preapproval) be electronically submitted to the department.
Reg. Sec. 560-7-8-.52, Georgia Department of Revenue, effective July 6, 2016