State R&D Tax Credits
Georgia
Credit Name: Research Tax Credit
Expiration Date: Unknown
Does it apply to C corps and pass-through entities?: Yes
Credit Carry forward: 5 years, for tax years beginning on or after Jan. 1, 2025. For years prior to that, 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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