| 1 | 1 | | 25 LC 50 1073 |
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| 2 | 2 | | House Bill 364 |
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| 3 | 3 | | By: Representative Neal of the 79 |
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| 4 | 4 | | th |
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| 5 | 5 | | |
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| 6 | 6 | | A BILL TO BE ENTITLED |
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| 7 | 7 | | AN ACT |
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| 8 | 8 | | To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to |
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| 9 | 9 | | 1 |
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| 10 | 10 | | income taxes, so as to allow a noncustodial parent to claim a tax credit based upon the federal2 |
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| 11 | 11 | | qualified child and dependent care tax credit; to provide for related matters; to provide for3 |
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| 12 | 12 | | an effective date and applicability; to repeal conflicting laws; and for other purposes.4 |
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| 13 | 13 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:5 |
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| 14 | 14 | | SECTION 1.6 |
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| 15 | 15 | | Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes,7 |
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| 16 | 16 | | is amended in Code Section 48-7-29.10, relating to tax credits for qualified child and8 |
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| 17 | 17 | | dependent care tax credits, by revising subsection (a) as follows:9 |
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| 18 | 18 | | "(a) A taxpayer shall be allowed a credit against the tax imposed by Code Section 48-7-2010 |
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| 19 | 19 | | for qualified child and dependent care expenses. Such credit shall be determined by |
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| 20 | 20 | | 11 |
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| 21 | 21 | | applying a percentage to 30 percent of the amount of the credit provided for in Section 2112 |
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| 22 | 22 | | of the Internal Revenue Code which is claimed and allowed pursuant to the Internal13 |
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| 23 | 23 | | Revenue Code; provided, however, that, if a taxpayer is not allowed the credit pursuant to14 |
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| 24 | 24 | | the Internal Revenue Code because such taxpayer was not the qualifying child's custodial15 |
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| 25 | 25 | | parent, such taxpayer shall be allowed the credit pursuant to this Code section if such16 |
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| 26 | 26 | | H. B. 364 |
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| 27 | 27 | | - 1 - 25 LC 50 1073 |
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| 28 | 28 | | taxpayer provided at least one-half of the qualifying child's support for the year. Such17 |
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| 29 | 29 | | percentage shall be:18 |
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| 30 | 30 | | (1) Ten percent for all taxable years beginning on or after January 1, 2006, and prior to19 |
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| 31 | 31 | | January 1, 2007;20 |
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| 32 | 32 | | (2) Twenty percent for all taxable years beginning on or after January 1, 2007, and prior21 |
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| 33 | 33 | | to January 1, 2008;22 |
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| 34 | 34 | | (3) Thirty percent for all taxable years beginning on or after January 1, 2008."23 |
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| 35 | 35 | | SECTION 2.24 |
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| 36 | 36 | | This Act shall become effective on July 1, 2025, and shall be applicable to all taxable years25 |
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| 37 | 37 | | beginning on or after January 1, 2026.26 |
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| 38 | 38 | | SECTION 3.27 |
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| 39 | 39 | | All laws and parts of laws in conflict with this Act are repealed.28 |
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| 40 | 40 | | H. B. 364 |
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| 41 | 41 | | - 2 - |
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