Form It-Consv - Conservation Tax Credit - Department Of Revenue - 2016 Page 2
Download a blank fillable Form It-Consv - Conservation Tax Credit - Department Of Revenue - 2016 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form It-Consv - Conservation Tax Credit - Department Of Revenue - 2016 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2PRINT
CLEAR
IT-CONSV 2016 (01/12/16)
* The credit amount allowed for a taxable year shall not exceed $250,000 for an individual,
married couple filing a joint return, trust, or estate as determined under O.C.G.A. § 48-7-20 and
shall not exceed $500,000 for an entity as determined under O.C.G.A. § 48-7-21. Any excess
amount cannot be utilized by any taxpayer.
** The credit carry forward shall not exceed ten years (O.C.G.A. § 48-7-29.12(d)).
The taxpayer must add back to Georgia taxable income the amount of any federal charitable contribution
deduction taken on a federal return for which a Georgia Conservation tax credit is allowed. See Revenue
Regulation 560-7-8-.50 to determine the amount of the add-back.
This form and an approved Form IT-CONSV-AP must be attached to your income tax return to claim the
conservation tax credit.
.
2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form It-hc - Certification Of Georgia Housing Tax Credit - Departments Of Revenue, Insurance And Community Affairs
Financial
Form 4902 - Michigan Corporate Income Tax Schedule Of Recapture Of Certain Business Tax Credits - Department Of Treasury - 2016
Financial
Related Categories
Parent category: Financial