The Georgia Angel Investor Tax Credit is designed to incentivize investors to support start-ups located within the state of Georgia. The credit allows a reduction of tax owed to the state of Georgia dollar-for-dollar until the entire amount has been used or there is no longer any tax owed. Any unused credits can be carried forward and used within five years. The credit is equal to 35 percent of the amount invested in a qualified start-up during 2014 and 2015, with a maximum credit allowable per investor per year of $50,000. For example, an investment of $100,000 could generate a credit of $35,000, which would reduce current Georgia tax to $0 if taxable income was $583,333.
