Investor Presentaiton
Applying for the Investor Tax Credit
Tax credits are issued on a first come, first served basis and will be 25% of the investment made into a QNBV so long as the investor and investment meet eligibility criteria and the
program has not reached its issuance limit of $10,000,000 in tax credits.
As of January 2, 2020, we have implemented the digital application form which is much easier to fill out.
Once submitted, the applicant will see a confirmation page appear and receive a confirmation email with a copy of the submission for their records.
Typical turnaround time is 3-4 weeks.
Top Causes for
Delay:
If Approved:
If Denied:
Using a QNBV number from a previous year. (For 2021, all QNBV numbers end with "K".)
Date of Investment entered in application not matching date shown in proof for transfer of funds to QNBV.
Not including proof for BOTH transferring and receiving of funds.
Submission of incomplete agreement.
Rounding dollar amount when entering Investment Amount in application. (Example: Entering $125,000.00 when actual investment is $124,999.01.)
Not including a mandatory 3 year conversion clause for a SAFE.
The applicant will receive an email stating the investor application has been approved and the email will include an attached tax credit certificate stating the
amount of the tax credit to which the applicant is entitled.
The applicant will receive an email stating the application has been denied and will provide reasoning for such determination. If the applicant would like to
appeal the determination, they can do so by following the instructions provided in the denial email.View entire presentation