Bank Tax Credit
On this page find information and instructions for claiming the Bank Tax Credit.
- Tax Credit Code: 115
Summary
All financial institutions that conduct business or own property in Georgia are required to file a Georgia Financial Institutions Business Occupation Tax Return, Form 900. Effective on or after January 1, 2001, a depository financial institution with a Sub Selection can pass through the credit to its shareholders on a pro rata basis.
How to Claim this Credit
Credits claimed but not used may be carried forward for five years.
For taxable years beginning on or after January 1, 2025, any credits generated and passed down to the shareholders but not used by the shareholders may be carried forward for three years.