Research Tax Credit
On this page find information and instructions for claiming the Research tax credit.
- Tax Credit Code: 112
Summary
A tax credit is allowed for research expenses for research conducted within Georgia for any business or headquarters of any such business engaged in manufacturing, warehousing, and distribution, processing, telecommunications, tourism, broadcasting or research and development industries.
The credit shall be 10% of the additional research expense over the “base amount,” provided that the business enterprise for the same taxable year claims and is allowed a research credit under Section 41 of the Internal Revenue Code of 1986. The base amount calculation is based on Georgia gross receipts. The credit may not exceed 50% of the business’ Georgia net income tax liability after all other credits have been applied in any one year. Any unused credit may be carried forward 10 years. For taxable years beginning on or after January 1, 2025, any credits generated but not used may be carried forward for five years. Excess research tax credit earned may be used to offset withholding.
Forms
IT-RD Research Tax Credit Form