reglab/statecodes huggingface dataset:
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 6 - TAXATION OF INTANGIBLES (§§ 48-6-1 — 48-6-98) › Article 4 - TAXATION OF FINANCIAL INSTITUTIONS (§§ 48-6-90 — 48-6-98) › Section 48-6-98 - Legislative intent to tax all depository financial institutions equally; interim special tax limitation for savings and loan associations

It is the intent of the General Assembly of the State of Georgia that depository financial institutions shall be taxed in the same manner and to the same extent for purposes of state taxation. It is the further intent of the General Assembly of Georgia that depository financial institutions shall be taxed in the same manner and to the same extent by the individual political subdivisions in which they have an office or place of business; provided, however, that the following distinctions shall be made to recognize differences between banks and savings and loan associations:
(1)
Any appropriate distinctions made elsewhere in this chapter; and
(2)
For a period of three years from January 1, 1984, the aggregate gross receipts taxes payable by any savings and loan association under the provisions of this chapter shall not be in excess of an amount that would be raised by a current ad valorem tax imposed upon the net worth of said association. As used in this chapter, the term "net worth" means all surplus, undivided profits, and reserves exclusive of any reserve required by any federal or state statute or regulation in force as of January 1, 1980, which statute or regulation was applicable to such federal or state-chartered association, and minus the fair market value of all real estate or equity therein owned by the association.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 1 - GENERAL PROVISIONS (§§ 48-7-1 — 48-7-6) › Section 48-7-2 - Unlawful failure to pay tax, file return, keep records, supply information, or exhibit books; penalty

(a)
It shall be unlawful for any person who is required under this chapter to pay any tax, make any return, keep any records, supply any information, or exhibit any books or records for the purpose of computation, assessment, or collection of any tax imposed by this chapter to fail to:
(1)
Pay the tax;
(2)
Make the return;
(3)
Keep the records; or
(4)
When requested to do so by the commissioner:
(A)
Supply the information; or
(B)
Exhibit the books or records.
(b)
In addition to other penalties provided by law, any person who violates subsection (a) of this Code section shall be guilty of a misdemeanor.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 1 - GENERAL PROVISIONS (§§ 48-7-1 — 48-7-6) › Section 48-7-3 - Unlawful assisting, procuring, counseling, or advising in filing income tax return; penalty

(a)
With respect to any matter arising under this chapter, it shall be unlawful for any person willfully to aid or assist in, or procure, counsel, or advise the preparation or presentation of, a false or fraudulent return, affidavit, claim, or document, whether or not the falsity or fraud is with the knowledge or consent of the person authorized or required to present the return, affidavit, claim, or document.
(b)
Any person who violates subsection (a) of this Code section shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $1,000.00 or imprisoned for not more than six months, or both, and shall be required to pay the costs of prosecution.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 1 - GENERAL PROVISIONS (§§ 48-7-1 — 48-7-6) › Section 48-7-4 - Unlawful disregard of rules and regulations of commissioner in preparing returns; penalty

(a)
It shall be unlawful for any person, with intent to evade the income tax imposed by this chapter, willfully to advise the preparation or presentation of a return with intentional disregard of rules and regulations of the commissioner.
(b)
Any person who violates subsection (a) of this Code section shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not less than $100.00 nor more than $500.00 or imprisoned for not more than six months, or both.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 1 - GENERAL PROVISIONS (§§ 48-7-1 — 48-7-6) › Section 48-7-5 - Evasion of income tax, penalty, interest, or other amount in excess of $3,000.00

Any person who willfully evades or defeats or willfully attempts to evade or defeat, in any manner, any income tax, penalty, interest, or other amount in excess of $3,000.00 imposed under this chapter, including but not limited to failure to file a return or report, shall, in addition to any other criminal or civil penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000.00 in the case of an individual or not more than $500,000.00 in the case of a corporation or imprisoned not less than one nor more than five years, or both. Conduct proscribed by this Code section shall be subject to punishment under this Code section notwithstanding the applicability to such conduct of any other provision of law.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 1 - GENERAL PROVISIONS (§§ 48-7-1 — 48-7-6) › Section 48-7-6 - License or registration extensions for National Guard members and reservists on active duty

(a)
Notwithstanding any provision of law to the contrary, any member of the National Guard or any reserve component of the armed services of the United States who serves on active duty for at least 90 consecutive days shall by operation of this subsection automatically be granted an extension, without fee charged for such extension, of any annual license or registration otherwise required under any other provision of law by the state or any agency, department, board, bureau, or commission of the state. Such extension shall continue until the otherwise regular expiration date which occurs in the year next succeeding the year in which such active duty ceases.
(b)
Notwithstanding any provision of law to the contrary, any member of the National Guard or any reserve component of the United States who qualifies for the license or registration extension under subsection (a) of this Code section shall be exempt from any continuing education requirements during such automatic extension period.
(c)
This Code section shall not apply to attorneys.
Amended by 2013 Ga. Laws 33,§ 48, eff. 4/24/2013.
Added by 2005 Ga. Laws 50,§ 1, eff. 4/21/2005.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-21.1 - Compensation paid by taxpayer disallowed as business expense; applicability

(a)
As used in this Code section, the term:
(1)
"Authorized employee" means any individual whose hiring for employment or continuing employment in the United States does not violate the provisions of
8 U.S.C. Section 1324a
.
(2)
"Basic pilot program" shall mean the electronic verification of a work authorization program of the Illegal Immigrant Reform and Immigrant Responsibility Act of 1996, P. L. 104-208, Division C, Section 1324a note, and operated by the United States Department of Homeland Security.
(3)
"Labor services" means the physical performance of services in this state.
(b)
On or after January 1, 2008, no payment or compensation or other remuneration, including but not limited to wages, salaries, bonuses, benefits, in-kind exchanges, expenses, or any other economic benefit, paid for labor services to an individual totaling $600.00 or more in a taxable year, may be claimed and allowed as a deductible business expense for state income tax purposes by a taxpayer unless such individual is an authorized employee. The provisions of this subsection shall apply whether or not an Internal Revenue Service Form 1099 or Form W-2 is issued in conjunction with such payments, compensation, or other remuneration.
(c)
This Code section shall not apply to any business which:
(1)
Has enrolled and participates in the basic pilot program; or
(2)
Is exempt from compliance with federal employment verification procedures under federal law which makes the employment of unauthorized aliens unlawful.
(d)
This Code section shall not apply to any individual hired by the taxpayer prior to January 1, 2008.
(e)
This Code section shall not apply to any taxpayer where the individual being paid is not directly compensated or employed by said taxpayer.
(f)
This Code section shall not apply to payments, compensation, or other remuneration paid for labor services to any individual who holds and presents to the taxpayer a valid license or identification card issued by the Georgia Department of Driver Services.
(g)
The commissioner is authorized to prescribe forms and promulgate rules and regulations deemed necessary in order to administer and effectuate this Code section.
Amended by 2007 Ga. Laws 147,§ 2, eff. 7/1/2007.
Added by 2006 Ga. Laws 457,§ 7, eff. 7/1/2007.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-22 - Taxation of fiduciaries; rate; taxable net income of estate or trust; exemptions; computation of net income; determination of taxable year; tax as charge against estate or trust

(a)
The tax imposed by this chapter shall be:
(1)
Imposed upon resident fiduciaries and upon nonresident fiduciaries:
(A)
Receiving income from business done in this state;
(B)
Managing funds or property located in this state; or
(C)
Managing funds or property for the benefit of a resident of this state;
(2)
Imposed upon fiduciaries subject to the tax at the rates provided in this article for single individuals;
(3)
Levied, collected, and paid annually with respect to:
(A)
That part of the net income of an estate or trust which has not become distributable during the taxable year. It is the purpose of this Code section to tax fiduciaries or beneficiaries on all income otherwise taxable under this chapter. Income received by a resident fiduciary shall not be subject to the tax imposed by this chapter when the income is accumulated for, is distributed, or becomes distributable during the taxable year to a nonresident of this state and when the income was received from business done outside this state, property held outside this state, or intangible property, other than from the licensing for use of the property, held by a fiduciary, including, but not limited to, gains from the sale or exchange of the property. No return of income exempt under this subparagraph shall be required;
(B)
The taxable net income received during the taxable year by a deceased individual who at the time of death was a taxpayer and who died during the taxable year or subsequent to the taxable year without having made a return; and
(C)
The entire taxable net income of an insolvent or incompetent person, whether or not any portion of the taxable net income is held for the future use of the beneficiaries, when the fiduciary has complete charge of the net income.
(b)
The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual.
(c)
If the taxable year of a beneficiary is different from that of the estate or trust, the amount which the beneficiary is required to include in computing his net income shall be based upon the income of the estate or trust for any taxable year of the estate or trust ending with or within the beneficiary's taxable year.
(d)
The tax imposed upon a fiduciary shall be a charge against the estate or trust.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-24 - Nonresident members of resident partnerships; resident members of nonresident partnerships; profits; distributive shares; taxability; applicability

(a)
When one or more of the individual members of a partnership doing business in this state are nonresidents of this state, the nonresidents shall be taxable on their share of the net profits of the partnership.
(b)
When one or more of the individual members of a partnership doing business outside this state are residents of this state, the residents shall include in their individual returns their distributable share, whether distributed or not, of the net income of the partnership for the taxable year.
(c)
Notwithstanding any other provision of this chapter to the contrary, the distributive share of a nonresident member of a resident limited partnership or other similar nontaxable entity which derives income exclusively from buying, selling, dealing in, and holding securities on its own behalf and not as a broker shall not constitute taxable income under this chapter. For purposes of this subsection, a resident limited partnership or similar nontaxable entity shall not include a family limited partnership or similar nontaxable entity the majority interest of which is owned by one or more natural or naturalized citizens related to each other within the fourth degree of reckoning according to the laws of descent and distribution. This subsection shall not apply to a person that participates in the management of the resident limited partnership or other similar nontaxable entity or that is engaged in a unitary business with another person that participates in the management of the resident limited partnership or other similar nontaxable entity.
(d)
This Code section shall not apply to the partners of an electing partnership as defined in paragraph (1) of subsection (b) of Code Section
48-7-23
.
Amended by 2022 Ga. Laws 782,§ 48, eff. 5/2/2022.
Amended by 2021 Ga. Laws 164,§ 3, eff. 5/4/2021.
Amended by 2005 Ga. Laws 31,§ 12, eff. 4/12/2005.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-26 - Personal exemptions

(a)
As used in this Code section, the term "dependent" shall have the same meaning as in the Internal Revenue Code of 1986; provided, however, that any unborn child with a detectable human heartbeat, as such terms are defined in Code Section
1-2-1
, shall qualify as a dependent minor.
(b)
Each taxpayer shall be allowed as a deduction in computing his or her Georgia taxable income a personal exemption in the amount of $4,000.00 for each dependent of such taxpayer.
(c)
No exemption shall be allowed under this Code section for any dependent who has made a joint return with such dependent's spouse for the taxable year beginning in the calendar year in which the taxable year of the taxpayer begins.
(d)
A deduction in lieu of a personal exemption deduction shall be allowed an estate or a trust as follows:
(1)
An estate -- $2,700.00; and
(2)
A trust -- $1,350.00.
Amended by 2024 Ga. Laws 377,§ 1, eff. 7/1/2024, app. to all taxable years beginning on or after 1/1/2024.
Amended by 2023 Ga. Laws 236,§ 2-3, eff. 1/1/2024, app. to all taxable years beginning on or after 1/1/2024.
Amended by 2022 Ga. Laws 716,§ 2-2, eff. 1/1/2024.
Amended by 2019 Ga. Laws 234,§ 12, eff. 1/1/2020.
Amended by 2012 Ga. Laws 607,§; II-2-1, eff. 1/1/2013.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-27.1 - Eligible itemizer defined; tax credits

(a)
As used in this Code section, the term "eligible itemizer" means any resident taxpayer who files an individual income tax return for a taxable year and makes the election under subparagraph (a)(1)(A) of Code Section
48-7-27
to deduct the itemized nonbusiness deductions used in computing such taxpayer's federal taxable income.
(b)
For taxable years beginning on or after January 1, 2024, each eligible itemizer shall be entitled to a credit in the amount of $300.00 per taxpayer against the tax imposed by Code Section
48-7-20
.
(c)
The tax credit claimed allowed by this Code section shall be deducted from such taxpayer's individual income tax liability, if any, for the tax year in which it is properly claimed; provided, however, that in no event shall:
(1)
The total amount of the tax credit under this Code section for a taxable year exceed such taxpayer's income tax liability; or
(2)
Such credit amount be allowed to be carried forward to the taxpayer's succeeding years' tax liability or applied against prior years' tax liability.
Added by 2023 Ga. Laws 236,§ 2-5, eff. 1/1/2024, app. to all taxable years beginning on or after 1/1/2024.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-28 - Reciprocity

A resident individual who has an established business in another state, has investment in property having a taxable situs in another state, or engages in employment in another state may deduct from the tax due upon the entire net income of the resident individual the tax paid upon the net income of the business, investment, or employment in another state when the business, investment, or employment is in a state that levies a tax upon net income. In no case shall the credit permitted under this Code section exceed the tax which would be payable to this state upon a like amount of taxable income.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-28.1 - Tax repayments and benefits

(a)
If a taxpayer repays in the current tax year certain amounts of income that were subject to tax under this chapter in a prior year and a tax benefit would be allowed under similar circumstances under Section 1341 of the Internal Revenue Code, a tax benefit shall be allowed on the Georgia income tax return. The tax benefit shall be the reduced tax for the current tax year due to the deduction for the repaid income or the reduction in tax for the prior year or years due to the exclusion of the repaid income. The reduction in tax shall qualify as a refundable tax credit on the return for the current year.
(b)
No credit will be allowed unless Georgia income tax was actually paid in the prior year or if the taxpayer was not subject to Georgia income tax.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-28.2 - Employer social security credits

(a)
As used in this Code section, the term "employer social security credit" means the employer social security credit defined in Section 45B(a) of the Internal Revenue Code of 1986, as amended.
(b)
If an employer elects to take an employer social security credit pursuant to Section 38 of the Internal Revenue Code of 1986, as amended, the employer, in calculating Georgia taxable net income, shall be allowed a deduction equal to the employer social security credit.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29 - [Repealed and Reserved Effective 12/31/2029] Tax credits for rural physicians

(a)
As used in this Code section, the term:
(1)
'Rural county' means a county in this state that has a population of less than 50,000 according to the United States decennial census of 2020 or any future such census; provided, however, that for counties which contain a military base or installation, the military personnel and their dependents living in such county shall be excluded from the total population of such county for purposes of this definition.
(2)
'Rural hospital' means an acute-care hospital located in a rural county that contains fewer than 100 beds.
(3)
'Rural physician' means a physician licensed to practice medicine in this state, who practices in a rural county and resides in a rural county or a county contiguous to the rural county in which such physician practices and primarily admits patients to a rural hospital and practices in the fields of family practice, obstetrics and gynecology, pediatrics, internal medicine, or general surgery.
(b)
(1)
A person qualifying as a rural physician on or before May 15, 2024, shall be allowed a credit against the tax imposed by Code Section
48-7-20
in an amount not to exceed $5,000.00. The tax credit may be claimed for not more than five years, provided that the physician continues to qualify as a rural physician. In no event shall the amount of the tax credit exceed the taxpayer's income tax liability, and any unused tax credit shall not be allowed to be carried forward to apply to the taxpayer's succeeding years' tax liability. No such tax credit shall be allowed the taxpayer against prior years' tax liability.
(2)
No physician who on July 1, 1995, is currently practicing in a rural county shall be eligible to receive the credit provided for in paragraph (1) of this subsection. No credit shall be allowed for a physician who has previously practiced in a rural county, unless, after July 1, 1995, that physician returns to practice in a rural county after having practiced in a nonrural county for at least three years.
(c)
The commissioner shall promulgate any rules and regulations necessary to implement and administer this Code section.
(d)
This Code section shall stand repealed and reserved on December 31, 2029.
Amended by 2024 Ga. Laws 386,§ 1, eff. 5/15/2024, app. to taxable years beginning on or after 1/1/2024.
Amended by 2002 Ga. Laws 991, § 1, eff. 1/1/2003
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.1 - Tax credits for retrofitting certain single-family homes with accessibility features

(a)
As used in this Code section, the term:
(1)
"Accessibility features" means:
(A)
One no-step entrance allowing access into the residence;
(B)
Interior passage doors providing a 32 inch wide clear opening;
(C)
Reinforcements in bathroom walls allowing later installation of grab bars around the toilet, tub, and shower, where such facilities are provided; and
(D)
Light switches and outlets placed in accessible locations.
(2)
"Taxpayer" means a permanently disabled person who has been issued a permanent permit under subsection (c) of Code Section
40-2-74.1
or a person who has been issued a special permanent permit under subsection (e) of Code Section
40-2-74.1
.
(b)
A taxpayer shall be allowed a credit against the tax imposed by Code Section
48-7-20
as follows:
(1)
In the amount of $500.00 with respect to the purchase during that taxable year of a new, single-family home containing all of the accessibility features defined under subsection (a) of this Code section; or
(2)
For qualifying expenditures made to retrofit an existing, single-family home with one or more accessibility features as defined under subsection (a) of this Code section, a credit shall be allowed with respect to each such accessibility feature in the amount of $125.00 or the actual cost of such accessibility feature, whichever is lower, provided that the aggregate amount of such credit under this paragraph for such accessibility features shall not exceed $500.00.
(c)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed $500.00 per residence or the taxpayer's income tax liability, whichever is less. Any unused tax credit shall be allowed to be carried forward to apply to the taxpayer's next three succeeding years' tax liability. No such tax credit shall be allowed the taxpayer against prior years' tax liability.
(d)
The commissioner shall promulgate any rules and regulations necessary to implement and administer this Code section.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.2 - Tax credits for qualified caregiving expenses

(a)
As used in this Code section, the term:
(1)
"Qualified caregiving expenses" means payments by the taxpayer for home health agency services, personal care services, personal care attendant services, homemaker services, adult day care, respite care, or healthcare equipment and supplies which equipment and supplies have been determined to be medically necessary by a physician which services, care, or equipment and supplies are:
(A)
Provided to the qualifying family member; and
(B)
Purchased or obtained from an organization or individual not related to the taxpayer or the qualifying family member.
(2)
"Qualifying family member" means the taxpayer or an individual who is related to the taxpayer by blood, marriage, or adoption and who:
(A)
Is at least 62 years of age; or
(B)
Has been determined to be disabled by the Social Security Administration.
(b)
A taxpayer shall be allowed a credit against the tax imposed by Code Section
48-7-20
for qualified caregiving expenses in an amount not to exceed 10 percent of the total amount expended for qualified caregiving expenses. No taxpayer shall be entitled to such credit with respect to the same qualified caregiving expenses claimed by another taxpayer.
(c)
In no event shall the amount of the tax credit exceed $150.00 or the taxpayer's income tax liability, whichever is less. Any unused tax credit shall not be allowed to be carried forward to apply to the taxpayer's succeeding years' tax liability. No such tax credit shall be allowed the taxpayer against prior years' tax liability.
(d)
No credit shall be allowed under this Code section with respect to any qualifying caregiving expenses either deducted or subtracted by the taxpayer in arriving at Georgia taxable net income or with respect to any qualified caregiving expenses for which amounts were excluded from Georgia taxable net income.
(e)
The commissioner shall promulgate any rules and regulations necessary to implement and administer this Code section.
Amended by 2024 Ga. Laws 701,§ 5, eff. 7/1/2024.
Amended by 2002 Ga. Laws 462, § 48, eff. 4/18/2002.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.3 - [Repealed] Tax credit for federal qualified transportation fringe benefits

Amended by 2018 Ga. Laws 292,§ 2, eff. 3/26/2018.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.4 - [Effective Until 1/1/2025] Tax credits for disaster assistance funds received

(a)
A taxpayer who receives disaster assistance during a taxable year from the Georgia Emergency Management and Homeland Security Agency or the Federal Emergency Management Agency shall be allowed a credit against the tax imposed by Code Section
48-7-20
in an amount equal to $500.00 or the actual amount of such disaster assistance, whichever is less. The commissioner may require adequate supporting documentation showing that the taxpayer received such assistance.
(b)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer's income tax liability. Any unused tax credit shall be allowed the taxpayer against succeeding years' tax liability. No such credit shall be allowed the taxpayer against prior years' tax liability.
(c)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.
Amended by 2016 Ga. Laws 335,§ 21, eff. 7/1/2016.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.4 - [Effective 1/1/2025] Tax credits for disaster assistance funds received

(a)
A taxpayer who receives disaster assistance during a taxable year from the Georgia Emergency Management and Homeland Security Agency or the Federal Emergency Management Agency shall be allowed a credit against the tax imposed by Code Section
48-7-20
in an amount equal to $500.00 or the actual amount of such disaster assistance, whichever is less. The commissioner may require adequate supporting documentation showing that the taxpayer received such assistance.
(b)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer's income tax liability. Any unused tax credit shall be allowed the taxpayer against no more than three succeeding years' tax liability. No such credit shall be allowed the taxpayer against prior years' tax liability.
(c)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.
Amended by 2024 Ga. Laws 598,§ 1-1, eff. 1/1/2025, app. only to unused tax credits generated during taxable years beginning on or after 1/1/2025.
Amended by 2016 Ga. Laws 335,§ 21, eff. 7/1/2016.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.5 - [Repealed] Tax credit for private driver education courses of minors; required documentation; rules and regulations

Amended by 2018 Ga. Laws 292,§ 3, eff. 3/26/2018.
Amended by 2017 Ga. Laws 275,§ 48, eff. 5/9/2017.
Amended by 2008 Ga. Laws 746,§ 8, eff. 5/14/2008.
Amended by 2005 Ga. Laws 68,§ 29-4, eff. 7/1/2005.
Amended by 2002 Ga. Laws 462, § 48, eff. 4/18/2002.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.7 - [Effective Until 1/1/2025] Tax credits for depository financial institutions

(a)
There shall be a dollar-for-dollar credit against the state income tax liability of depository financial institutions which shall be equal to the amount of taxes, if any, paid by such taxpayers pursuant to Code Section
48-6-93
and Code Section
48-6-95
. If the liability of any such institutions under the taxes authorized by Code Section
48-6-93
and Code Section
48-6-95
exceeds the income tax liability of such institution for any year, the amount of any unused credit under this Code section may be credited over a period of five years from the tax year in which the unused credit arose. If the assets of an institution are acquired by another institution in a transaction described in Section 381(a) of the Internal Revenue Code of 1986, the acquiring institution shall succeed to and take into account any unused credit of the distributor or transferor institution. If a depository financial institution has elected Subchapter "S" status pursuant to the conditions specified in subparagraph (b)(7)(B) of Code Section
48-7-21
, the credits authorized by this subsection may be passed through on a pro rata basis to the institution's shareholders. If the amount of any such pro rata credit exceeds a shareholder's individual income tax liability, then such unused credit may be credited over a period of five years from the tax year in which the unused credit arose. No such credit shall be allowed the taxpayer against prior years' tax liability.
(b)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.7 - [Effective 1/1/2025] Tax credits for depository financial institutions

(a)
There shall be a dollar-for-dollar credit against the state income tax liability of depository financial institutions which shall be equal to the amount of taxes, if any, paid by such taxpayers pursuant to Code Sections 48-6-93 and 48-6-95. If the liability of any such institutions under the taxes authorized by Code Sections 48-6-93 and 48-6-95 exceeds the income tax liability of such institution for any year, the amount of any unused credit under this Code section may be credited over a period of five years from the tax year in which the unused credit arose. If the assets of an institution are acquired by another institution in a transaction described in Section 381(a) of the Internal Revenue Code of 1986, the acquiring institution shall succeed to and take into account any unused credit of the distributor or transferor institution. If a depository financial institution has elected Subchapter 'S' status pursuant to the conditions specified in subparagraph (b)(7)(B) of Code Section
48-7-21
, the credits authorized by this subsection may be passed through on a pro rata basis to the institution's shareholders. If the amount of any such pro rata credit exceeds a shareholder's individual income tax liability, then such unused credit may be credited over a period of three years from the tax year in which the unused credit arose. No such credit shall be allowed the taxpayer against prior years' tax liability.
(b)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.
Amended by 2024 Ga. Laws 598,§ 1-2, eff. 1/1/2025, app. only to unused tax credits generated during taxable years beginning on or after 1/1/2025.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.9 - [Effective Until 1/1/2025] Tax credits for qualified life insurance premiums for National Guard and Air National Guard members

(a)
As used in this Code section, the term:
(1)
"Active duty" means full-time duty in the United States armed forces, other than active duty for training, for a period of more than 90 consecutive days.
(2)
"Active duty for training" means full-time duty in the United States armed forces for a period of more than 90 consecutive days for training purposes performed by members of the National Guard and Air National Guard who are residents of this state.
(3)
"Qualified life insurance" means insurance coverage through the Servicemembers' Group Life Insurance Program administered by the United States Department of Veterans Affairs for the maximum benefit amount available under such program for the loss of life of a member of the National Guard or Air National Guard who is a resident of this state while on active duty or active duty for training.
(b)
A taxpayer shall be allowed a credit against the tax imposed by Code Section
48-7-20
in an amount not to exceed the amount expended for qualified life insurance premiums.
(c)
The credit provided under this subsection:
(1)
Shall be claimed and allowed in the year in which the majority of such days are served. In the event an equal number of consecutive days are served in two calendar years, then the exclusion shall be claimed and allowed in the year in which the ninetieth day occurs; and
(2)
Shall apply with respect to each taxable year in which such member serves for such qualifying period of time.
(d)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer's income tax liability. Any unused tax credit shall be allowed the taxpayer against succeeding years' tax liability. No such credit shall be allowed the taxpayer against prior years' tax liability.
(e)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.
Amended by 2009 Ga. Laws 8,§ 48, eff. 4/14/2009.
Added by 2005 Ga. Laws 50,§ 2, eff. 4/21/2005.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.9 - [Effective 1/1/2025] Tax credits for qualified life insurance premiums for National Guard and Air National Guard members

(a)
As used in this Code section, the term:
(1)
"Active duty" means full-time duty in the United States armed forces, other than active duty for training, for a period of more than 90 consecutive days.
(2)
"Active duty for training" means full-time duty in the United States armed forces for a period of more than 90 consecutive days for training purposes performed by members of the National Guard and Air National Guard who are residents of this state.
(3)
"Qualified life insurance" means insurance coverage through the Servicemembers' Group Life Insurance Program administered by the United States Department of Veterans Affairs for the maximum benefit amount available under such program for the loss of life of a member of the National Guard or Air National Guard who is a resident of this state while on active duty or active duty for training.
(b)
A taxpayer shall be allowed a credit against the tax imposed by Code Section
48-7-20
in an amount not to exceed the amount expended for qualified life insurance premiums.
(c)
The credit provided under this subsection:
(1)
Shall be claimed and allowed in the year in which the majority of such days are served. In the event an equal number of consecutive days are served in two calendar years, then the exclusion shall be claimed and allowed in the year in which the ninetieth day occurs; and
(2)
Shall apply with respect to each taxable year in which such member serves for such qualifying period of time.
(d)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer's income tax liability. Any unused tax credit shall be allowed the taxpayer against no more than three succeeding years' tax liability. No such credit shall be allowed the taxpayer against prior years' tax liability.
(e)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.
Amended by 2024 Ga. Laws 598,§ 1-3, eff. 1/1/2025, app. only to unused tax credits generated during taxable years beginning on or after 1/1/2025.
Amended by 2009 Ga. Laws 8,§ 48, eff. 4/14/2009.
Added by 2005 Ga. Laws 50,§ 2, eff. 4/21/2005.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.10 - Tax credits for qualified child and dependent care expenses

(a)
A taxpayer shall be allowed a credit against the tax imposed by Code Section
48-7-20
for qualified child and dependent care expenses. Such credit shall be determined by applying a percentage to the amount of the credit provided for in Section 21 of the Internal Revenue Code which is claimed and allowed pursuant to the Internal Revenue Code. Such percentage shall be:
(1)
Ten percent for all taxable years beginning on or after January 1, 2006, and prior to January 1, 2007;
(2)
Twenty percent for all taxable years beginning on or after January 1, 2007, and prior to January 1, 2008; and
(3)
Thirty percent for all taxable years beginning on or after January 1, 2008.
(b)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer's income tax liability. Any unused tax credit shall not be allowed to be carried forward to apply to the taxpayer's succeeding years' tax liability. No such tax credit shall be allowed the taxpayer against prior years' tax liability.
(c)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer this Code section.
Added by 2006 Ga. Laws 448,§ 1, eff. 4/6/2006.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.13 - [Effective Until 1/1/2025] Tax credits for qualified health insurance expenses

(a)
As used in this Code section, the term:
(1)
"Qualified health insurance" means a high deductible health plan as defined by Section 223 of the Internal Revenue Code.
(2)
"Qualified health insurance expense" means the expenditure of funds of at least $250.00 annually for health insurance premiums for qualified health insurance.
(3)
"Taxpayer" means an employer who employs directly, or who pays compensation to individuals whose compensation is reported on Form 1099, 50 or fewer persons and for whom the taxpayer provides high deductible health plans as defined by Section 223 of the Internal Revenue Code and in which such employees are enrolled.
(b)
A taxpayer shall be allowed a credit against the tax imposed by Code Section
48-7-20
or
48-7-21
, as applicable, for qualified health insurance expenses in an amount of $250.00 for each employee enrolled for 12 consecutive months in a qualified health insurance plan if such qualified health insurance is made available to all of the employees and compensated individuals of the employer pursuant to the applicable provisions of Section 125 of the Internal Revenue Code.
(c)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer's income tax liability. Any unused tax credit shall be allowed the taxpayer against succeeding years' tax liability. No such credit shall be allowed the taxpayer against prior years' tax liability.
(d)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.
(e)
The credit allowed by this Code section shall apply only with regard to qualified health insurance expenses.
Amended by 2009 Ga. Laws 128,§ 5, eff. 5/4/2009.
Amended by 2009 Ga. Laws 8,§ 48, eff. 4/14/2009.
Added by 2008 Ga. Laws 463,§ 5, eff. 1/1/2009.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.13 - [Effective 1/1/2025] [Repealed and Reserved eff. 12/31/2029] Tax credits for qualified health insurance expenses

(a)
As used in this Code section, the term:
(1)
"Qualified health insurance" means a high deductible health plan as defined by Section 223 of the Internal Revenue Code.
(2)
"Qualified health insurance expense" means the expenditure of funds of at least $250.00 annually for health insurance premiums for qualified health insurance.
(3)
"Taxpayer" means an employer who employs directly, or who pays compensation to individuals whose compensation is reported on Form 1099, 50 or fewer persons and for whom the taxpayer provides high deductible health plans as defined by Section 223 of the Internal Revenue Code and in which such employees are enrolled.
(b)
A taxpayer shall be allowed a credit against the tax imposed by Code Section
48-7-20
or
48-7-21
, as applicable, for qualified health insurance expenses in an amount of $250.00 for each employee enrolled for 12 consecutive months in a qualified health insurance plan if such qualified health insurance is made available to all of the employees and compensated individuals of the employer pursuant to the applicable provisions of Section 125 of the Internal Revenue Code.
(c)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer's income tax liability. Any unused tax credit shall be allowed the taxpayer against no more than three succeeding years' tax liability. No such credit shall be allowed the taxpayer against prior years' tax liability.
(d)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.
(e)
The credit allowed by this Code section shall apply only with regard to qualified health insurance expenses.
(f)
This Code section shall stand repealed and reserved on December 31, 2029.
Amended by 2024 Ga. Laws 598,§ 2-1, eff. 1/1/2025.
Amended by 2024 Ga. Laws 598,§ 1-5, eff. 1/1/2025, app. only to unused tax credits generated during taxable years beginning on or after 1/1/2025.
Amended by 2009 Ga. Laws 128,§ 5, eff. 5/4/2009.
Amended by 2009 Ga. Laws 8,§ 48, eff. 4/14/2009.
Added by 2008 Ga. Laws 463,§ 5, eff. 1/1/2009.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 CODE OF GEORGIA › Title 48 - REVENUE AND TAXATION (§§ 48-1-1 — 48-18-1) › Chapter 7 - INCOME TAXES (§§ 48-7-1 — 48-7-170) › Article 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS (§§ 48-7-20 — 48-7-42) › Section 48-7-29.15 - Tax credits for the adoption of foster children

(a)
As used in this Code section, the term "qualified foster child" means a foster child who is less than 18 years of age and who is in a foster home or otherwise in the foster care system under the Division of Family and Children Services of the Department of Human Services.
(b)
A taxpayer shall be allowed a credit against the tax imposed by Code Section
48-7-20
for the adoption of a qualified foster child. The amount of such credit shall be $6,000.00 per qualified foster child per taxable year commencing with the year in which the adoption becomes final for five taxable years and $2,000.00 per taxable year thereafter; provided, however, that such credit shall end in the year in which the adopted child attains the age of 18.
(c)
In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer's income tax liability. Any unused tax credit shall not be allowed to be carried forward to apply to the taxpayer's succeeding years' tax liability. No such tax credit shall be allowed the taxpayer against prior years' tax liability.
(d)
The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer this Code section.
Amended by 2021 Ga. Laws 5,§ 1, eff. 7/1/2021.
Amended by 2009 Ga. Laws 102,§ 2-2, eff. 7/1/2009.
Amended by 2008 Ga. Laws 751,§ 1, eff. 5/14/2008.