Georgia R&D Tax Credit Filing Instructions

To claim the Research and Development (R&D) tax credit in Georgia, a business must demonstrate qualified research expenses (QREs) conducted within the state that exceed a calculated base amount. Eligibility generally requires the business to also claim the federal R&D credit under Internal Revenue Code Section 41. The Georgia credit is typically 10% of the QREs that surpass this base amount. Once calculated, the credit can be used to offset up to 50% of the business’s net Georgia income tax liability, after all other credits have been applied. Any remaining unused credit can be carried forward for up to ten years or, with proper election, applied against state payroll withholding taxes. To make the state R&D tax credit claim, businesses must file Georgia Form IT-RD, the “Research Tax Credit” form, along with their Georgia corporate income tax return. It is also required to attach Federal Form 6765. If electing to apply the credit against payroll withholding, Form IT-WH, “Notice of Intention to Claim Withholding Benefit,” must be filed electronically within 30 days after the filing of a timely Georgia income tax return.

Georgia Patent of the Year – 2024/2025

MobileMind Technologies Inc. has been awarded the 2024/2025 Patent of the Year for its innovative “Guided, In-Application Learning” technology. Their invention, detailed in U.S. Patent No. 12093794, titled ‘Education learning environment and methods for using same’, introduces a transformative approach to professional development by embedding real-time, interactive training directly within the applications educators already use.

This patented system integrates a dynamic “challenge box” within platforms like Google Slides or Microsoft Teams, delivering step-by-step instructions and hands-on tasks without requiring users to switch between applications. By monitoring user inputs and identifying when learners encounter difficulties, the system provides contextual guidance and feedback, ensuring a seamless learning experience within the workflow.

MobileMind’s approach emphasizes competency-based learning, enabling educators to acquire practical skills relevant to their roles. This method not only enhances engagement but also fosters immediate application of new knowledge in real-world scenarios. The integration of automated and human feedback mechanisms further supports continuous improvement and mastery of skills.

By eliminating the need for separate training modules and reducing the cognitive load associated with switching between tools, MobileMind’s innovation streamlines the professional development process. This advancement represents a significant leap forward in educational technology, offering a more efficient and effective way for educators to enhance their skills and, consequently, improve student outcomes.