Can an S-Corporation or Partnership claim the tax credit for itself?
No. Any S-Corporations or Partnerships applying for the tax credit MUST pass the credit onto its shareholder or partners. VDOF needs to know (for reporting to Department of Taxation) the percent of the tax credit each individual is to receive (be they affiliated with an S-Corp/Partnership or not).
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Related Questions
Can a pass-through entity, such as a partnership or S-corporation, use the credit?
I am a Georgia resident and a shareholder in a s-corporation operating in a state that does not recognize the s-election, therefore tax is paid by the corporation. How is this treated on the Georgia individual return?
Tax..Tax..Tax..Tax..Tax..?
What is a limited liability partnership - is it the same as a limited partnership?
What is the difference between a "limited partnership", a "limited liability partnership", and a "limited liability company"?
Does Georgia allow the filing of a composite return for the nonresident shareholders, partners, or members of an s-corporation, partnership, LLC, or similar nontaxable entity?