Form It-Qj - Georgia Department Of Revenue Application For Georgia Quality Jobs Tax Credit Page 6

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CLEAR

IT-QJ

(REV 10

)

TRACKING NEW QUALITY JOBS ELIGIBLE FOR CREDIT/5 YEAR RULE**

Year

Line 1: Year 1 average new

quality jobs

(from Line 5 in the

above chart)

Line 2: Year 2 average new

quality jobs increase (from

Line 5 in the above chart)

Line 3: Year 3 average new

quality jobs increase (from

Line 5 in the above chart)

Line 4: Year 4 average new

quality jobs increase (from

Line 5 in the above chart)

Line 5: Year 5 average new

quality jobs increase (from

Line 5 in the above chart)

Line 6: Year 6 average new

quality jobs increase (from

Line 5 in the above chart)

Line 7: Year 7 average new

quality jobs increase (from

Line 5 in the above chart)

Line 8: Total number

(average) of new quality jobs

eligible for the credit *

The taxpayer must maintain the minimum number of new quality jobs in order to be eligible for the credit. Therefore, line 8 must be at least 50 in the

year(s) the credit is claimed. In the first taxable year in which the taxpayer first employs 50 new quality jobs, the taxpayer may claim the credit even if

the average number of new quality jobs is less than 50. In all subsequent years, the average number of new quality jobs must be at least 50 in a taxable

year in order to claim the credit.

** Credit for each new quality jobs may be claimed in the first year that the taxpayer creates the new quality job and to the extent the job is maintained

in Georgia, for the following four years. Therefore, in this chart the taxpayer is tracking the average new quality jobs for 5 years.