Georgia ~ Personal Income Tax: Qualified Investor Tax Credit Rule Updated

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

AUTHOR

CCHTaxGroup

All stories by: CCHTaxGroup

Leave a Reply

Your email address will not be published.