A $150 credit per employee against corporate tax liability is allowed for basic skills training.
i. Conditions of Eligibility
Any type of business may apply.
ii. Type of Training
Credits are available for employer-provided or employer-sponsored “basic skills” training that enhance reading, writing, or math skills to the 12th grade level.
iii. Value
The credit is equal to one-third of the cost of the training or up to $150 per full-time student per year.
iv. Administration
This credit is administered through the Technical College System of Georgia and the Georgia Department of Revenue.
v. Duration
Applicable for year in which the expense is incurred.
vi. Application Process
Complete form IT-BE for submittal with tax return; contact the Technical College System of Georgia for more information on the program.
vii. Coordination With Other Credits
May be taken with other credits.
Governing Georgia Code and Rules: Georgia Code Sections 48-7-29.16 and Georgia Department of Revenue Rules and Regulations 560-7-8-.47.