Companies may take a corporate income tax credit for the value of tangible personal property and real property costs related to child care facilities.
i. Conditions of Eligibility
Any type of business except retail may apply.
ii. Value
Employers placing “qualified child care property” into service may take credit for 100 percent of the tangible personal property and real property cost.
iii. Administration
This credit is administered through the Georgia Department of Revenue and is applied against state corporate income tax liability.
iv. Duration
The credit may be applied at 10 percent per year for 10 years.
v. Application Process
Taxpayer must complete Georgia Department of Revenue form IT-CCC100 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(d) and Georgia Department of
Revenue Rules and Regulations 560-7-8-.38.