How does the investor use tax credits?
• After an investment is made and the appropriate documentation is submitted, the investor will receive a tax credit certificate. To receive a tax credit, the investor submits a Tax Credit Certificate Request form. • A Tax Credit Certificate Request Form must be submitted after the investment as been made and before the 120 day deadline from the date of initial approval. • For person tax returns, the credit is used by filing the form IT-1040 along with Schedule E, Non Refundable Business Credits. The credit should be input on 11 referring to the Technology Investment Credit.
Related Questions
- Will a security (i.e., a bond or promissory note) issued by a TNInvestco to a participating investor in connection with the purchase of investment tax credits be treated as an admitted asset?
- May a Health Maintenance Organization invest in a TNInvestco as a participating investor and receive an allocation of investment tax credits?
- How many tax credits can an employee investor obtain?
