This is a legal form that was released by the Georgia Department of Revenue - a government authority operating within Georgia (United States). As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is the Form IT-QI?
A: Form IT-QI is a tax form used in Georgia, United States.
Q: What is the Qualified Investor Tax Credit?
A: The Qualified Investor Tax Credit is a tax incentive program in Georgia.
Q: Who is eligible for the Qualified Investor Tax Credit?
A: Eligible parties include individuals, corporations, or limited liability companies that invest in certain businesses in Georgia.
Q: How does the Qualified Investor Tax Credit work?
A: Investors can claim a tax credit against their Georgia income tax liability, based on a percentage of their investment in eligible businesses.
Q: What businesses qualify for the Qualified Investor Tax Credit?
A: Eligible businesses include high-technology companies, headquarters facilities, telecommunications services, tourism projects, and certain other industries.
Q: How much is the tax credit?
A: The tax credit is equal to 35% of the investment made in an eligible business.
Q: Are there any limitations or restrictions on the tax credit?
A: Yes, there are various limitations and restrictions, such as a maximum annual credit cap and a minimum investment threshold.