Georgia 2025-2026 Regular Session

Georgia House Bill HB519 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	25 LC 62 0093
2	2	House Bill 519
3	3	By: Representatives Stephens of the 164
4	4	th
5	5	, Mathis of the 133
6	6	rd
7	7	, Reeves of the 99
8	8	th
9	9	, and
10	10	Williams of the 148
11	11	th
12	12
13	13	A BILL TO BE ENTITLED
14	14	AN ACT
15	15	To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated,
16	16	1
17	17	relating to imposition, rate, computation, exemption, and credits, so as to provide that the2
18	18	amount of the federal work opportunity credit claimed by a taxpayer shall also be allowed3
19	19	as a tax credit against state income taxes; to provide for conditions, eligibility, limitations,4
20	20	and recaptures; to provide for definitions; to provide for rules and regulations; to provide for5
21	21	automatic repeal; to provide for related matters; to provide for an effective date and6
22	22	applicability; to repeal conflicting laws; and for other purposes.7
23	23	BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:8
24	24	SECTION 1.9
25	25	Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to10
26	26	imposition, rate, computation, exemption, and credits, is amended by adding a new Code11
27	27	section to read as follows:12
28	28	"48-7-29.27.
29	29	13
30	30	(a) As used in this Code section, the term:14
31	31	(1) 'Federal work opportunity tax credit' means the work opportunity credit allowed15
32	32	under Section 51 of the Internal Revenue Code.16
33	33	H. B. 519
34	34	- 1 - 25 LC 62 0093
35	35	(2) 'Qualified wages' shall have the same meaning as provided in Section 51 of the17
36	36	Internal Revenue Code.18
37	37	(3) 'Targeted group' shall have the same meaning as provided in the Internal Revenue19
38	38	Code.20
39	39	(b)(1) A taxpayer subject to tax under this article shall be allowed a credit against such21
40	40	tax in an amount equal to 100 percent of the tax credit allowed to such taxpayer under22
41	41	Section 51 of the Internal Revenue Code attributable to qualified wages paid to a Georgia23
42	42	resident who is a member of a targeted group and to whom a certificate to that effect has24
43	43	been issued by the United States Department of Labor.25
44	44	(2) Such credit shall not exceed $500.00 per eligible employee per year in any given tax26
45	45	year.27
46	46	(c) To claim a tax credit allowed by this Code section, the taxpayer shall provide any28
47	47	information required by the department. Each taxpayer claiming a tax credit under this29
48	48	Code section shall maintain and make available for inspection by the department any30
49	49	records that the department deems necessary to determine the amount of the tax credit to31
50	50	which the taxpayer is entitled. The burden of proving eligibility for a tax credit allowed32
51	51	by this Code section and the amount of such tax credit rests upon the taxpayer, and no such33
52	52	credit shall be allowed to a taxpayer that fails to maintain adequate records or to make such34
53	53	records available for inspection.35
54	54	(d)(1) If, after the inspection of records as provided for in subsection (c) of this Code36
55	55	section, the department determines that all or a portion of any federal work opportunity37
56	56	tax credit taken should be recaptured from a taxpayer, the department shall recapture a38
57	57	proportionate amount of the corresponding tax credit allowed to such taxpayer under this39
58	58	Code section.40
59	59	(2) In the event that the recapture of any tax credit allowed under this Code section is41
60	60	required, any amended return submitted to the department as provided in subsection (c)42
61	61	of this Code section shall include the proportion of the state tax credit required to be43
62	62	H. B. 519
63	63	- 2 - 25 LC 62 0093
64	64	recaptured, the identity of each taxpayer subject to the recapture, and the amount of tax44
65	65	credit previously allocated to such taxpayer.45
66	66	(e) In no event shall the:46
67	67	(1) Amount of the tax credit allowed under this Code section for a taxable year exceed47
68	68	a taxpayer's income tax liability for such year;48
69	69	(2) Tax credit provided for in this Code section be allowed to a taxpayer against any49
70	70	succeeding or prior year's tax liability; or50
71	71	(3) Aggregate limit of tax credits allowed under this Code section for any year exceed51
72	72	$10 million.52
73	73	(f) The commissioner is authorized to promulgate any rules and regulations necessary to53
74	74	implement and administer this Code section.54
75	75	(g) This Code section shall stand repealed on December 31, 2030."55
76	76	SECTION 2.56
77	77	This Act shall become effective on January 1, 2026, and shall be applicable to all taxable57
78	78	years beginning on or after January 1, 2026.58
79	79	SECTION 3.59
80	80	All laws and parts of laws in conflict with this Act are repealed.60
81	81	H. B. 519
82	82	- 3 -