This corporate income tax credit allows businesses to take credits against employer-provided or employer-sponsored child care for employees.
i. Conditions of Eligibility
Any type of business except retail may apply.
ii. Value
Companies may take credit for 75 percent of the qualifying cost of providing or sponsoring child day care.
iii. Administration
This credit is administered through the Georgia Department of Revenue.
iv. Duration
Available in each year the child care is provided or sponsored.
v. Application Process
Taxpayer must complete Georgia Department of Revenue form IT-CCC75 and submit with state income tax returns.
vi. Coordination With Other Credits
May be taken with other credits.
Governing Georgia Code and Rules: Georgia Code Sections 48-7-40.6(b) and Georgia Department of
Revenue Rules and Regulations 560-7-8-.38.