![]() Georgia Angel Investor Tax Credit for Investors (Before House Bill 237 and Notice IT-2016-2) Second, on May 2, 2016, the Georgia Department of Revenue issued Notice IT-2016-2, amending Georgia Rule 560-7-8-.52, conforming the program to amended law and making some administrative changes as well. There have been two significant changes to the Georgia angel tax credit program in the past year. First, the Georgia legislature, through House Bill 237, adopted into law in 2015, extended the angel investment tax credit for 2016, 2017, and 2018. The maximum credit to be allowed for all investments made in 2016, 2017, and 2018 and allowed in 2018, 2019, and 2020, respectively, is $5 million for each year. Georgia’s angel tax credit program provides early investors in certain start-ups and new businesses (often called “angels”) a credit against their Georgia State income tax based upon their investments in certain qualified Georgia businesses. In Georgia, start-ups and new businesses are often able to attract investors, in part, because of Georgia’s “angel tax credit” program.
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