Employer’s Credit for Purchasing Child Care Property
On this page find information and instructions for Employer’s Credit for Purchasing Child Care Property.
- Tax Credit Code: 104
Summary
Employers who purchase qualified child care property will receive a credit totaling 100% of the cost of such property. The credit is claimed at the rate of 10% a year for 10 years.
Any unused credit may be carried forward for three years and the credit is limited to 50% of the employer’s Georgia income tax liability for the tax year. Recapture provisions apply if the property is transferred or committed to a use other than child care within 14 years after the property is placed in service.
Forms
Form IT-CCC100 - Tax Credit for Cost of Qualified Child Care Property