Georgia AVAILABLE INCENTIVES
State Credit Name: IT-RD Research Tax Credit
Expiration Date: Indefinite
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: Unused credits can be carried forward 10 years. There is no carry back.
About the Credit:
The credit rate is 10%, but can not exceed 50% of the tax liability. Tax years after 2009, the base amount is calculated using Georgia Gross Receipts. Prior to 2009, Georgia Taxable Income was used to compute the base.
Notes: To qualify for the Georgia state research tax credit, the taxpayer must have claimed and received a federal research tax credit for that specific tax year.
Click here to find out if you qualify for the federal research tax credit.