25 LC 59 0087
House Bill 479
By: Representatives Carson of the 46
th
, Dubnik of the 29
th
, Kelley of the 16
th
, Carpenter of
the 4
th
, Crowe of the 118
th
, and others
A BILL TO BE ENTITLED
AN ACT
To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated,
1
relating to the imposition, rate, computation, exemptions, and credits relative to income2
taxes, so as to allow for tax credits in excess of the amount that can be claimed in a given3
year to be carried forward to subsequent years; to provide for related matters; to provide for4
an effective date and applicability; to repeal conflicting laws; and for other purposes.5
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6
SECTION 1.7
Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the8
imposition, rate, computation, exemptions, and credits relative to income taxes, is amended9
by revising subsection (c) of Code Section 48-7-29.16, relating to tax credits for10
contributions to student scholarship organizations, as follows:11
"(c) A corporation or other entity shall be allowed a credit against the tax imposed by this12
chapter for qualified education expenses in an amount not to exceed the actual amount13
expended or 75 percent of the corporation's
such entity's estimated income tax liability, as14
provided to the department under paragraph (3) of subsection (f) of this Code section,15
whichever is less."16
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SECTION 2.
17
Said article is further amended by revising subsection (c) of Code Section 48-7-29.20,18
relating to tax credits for contributions to rural hospital organizations, as follows:19
"(c) A corporation or other entity shall be allowed a credit against the tax imposed by this20
chapter for qualified rural hospital organization expenses in an amount not to exceed the21
actual amount expended or 75 percent of the corporation's
such entity's estimated income22
tax liability, as provided to the department under paragraph (3) of subsection (e) of this23
Code section, whichever is less."24
SECTION 3.25
Said article is further amended by revising subsection (c) of Code Section 48-7-29.21,26
relating to tax credits for donations to nonprofit corporations awarding grants to public27
schools, as follows:28
"(c) A corporation or other entity shall be allowed a credit against the tax imposed by this29
chapter for qualified education donations in an amount not to exceed the actual amount30
donated or 75 percent of the corporation's such entity's estimated income tax liability, as31
provided to the department under paragraph (3) of subsection (f) of this Code section,32
whichever is less."33
SECTION 4.34
Said article is further amended by revising paragraph (4) of subsection (b.1) of Code Section35
48-7-29.24, relating to tax credits for contributions to foster child support organizations, as36
follows:37
"(4) In the case of a corporation or other entity not provided for in paragraphs (1)38
through (3) of this subsection, 10 percent of such entity's estimated income tax liability,39
as provided to the department under paragraph (1) of subsection (e) of this Code section."40
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SECTION 5.
41
Said article is further amended by revising subparagraph (b)(2)(D) of Code Section42
48-7-29.25, relating to tax credits for contributions to law enforcement foundations, as43
follows:44
"(D) A corporation or other entity not provided for in subparagraphs (A) through (C)45
of this paragraph shall be allowed a credit against the tax imposed by this chapter, for46
qualified contributions in an amount not to exceed the actual amount of qualified47
contributions made or 75 percent of such corporation's or other
entity's estimated48
income tax liability, as provided to the department under paragraph (1) of subsection (e)49
of this Code section, whichever is less."50
SECTION 6.51
This Act shall become effective on July 1, 2025, and shall be applicable to all taxable years52
beginning on or after January 1, 2026.53
SECTION 7.54
All laws and parts of laws in conflict with this Act are repealed.55
H. B. 479
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