State R&D Tax Credits


Credit Name: IT-RD Research Tax Credit

Expiration Date: Unknown

Does it apply to C corps and pass-through entities?: Yes

Credit Carry forward: Up to 10 years.

Description: Georgia allows a 10% credit of excess QREs over a base amount. Credit can offset up to 50% of remaining tax liabilities. Beginning tax y ears after 1/1/2009, the base is computed using Georgia Gross Receipts, not Georgia Taxable Income as was in tax years prior to 12/31/2008.

Other Notes: Must claim the federal credit also.

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