Bill > HB723

This bill creates a new income tax credit for taxpayers who provide warming centers to unsheltered individuals during extremely cold weather. Starting January 1, 2026, property owners can claim a tax credit for expenses related to operating a warming center when the wind chill temperature drops below 45 degrees Fahrenheit. A qualifying warming center must be open for at least ten hours and provide a temperature of at least 60 degrees Fahrenheit with enough space for individuals to lie down. Eligible expenses include energy costs, water and sewer charges, security personnel, and purchases of basic necessities like food, blankets, and sleeping supplies. Taxpayers can claim up to $75 per individual, with a maximum of 20 individuals, and must maintain detailed documentation including sign-in sheets and itemized receipts. If a taxpayer is found to have misused the credit, they will be barred from claiming it for five years. The tax credit cannot exceed the taxpayer's income tax liability for the year, but unused credits can be carried forward for up to three subsequent years. The tax commissioner will develop specific rules and regulations to implement this new tax credit program.

Budget and Finance

https://www.legis.ga.gov/legislation/71132