Bill
Bill > HB1085
summary
Introduced
01/29/2026
01/29/2026
In Committee
02/18/2026
02/18/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, computation, exemptions, and credits relative to income taxes, so as to provide for various tax credits for forestry manufacturing facilities; to provide for transfer of tax credits and conditions; to provide for reporting; to provide for effective dates and automatic repeals; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
AI Summary
This bill expands Georgia's income tax credits to include "forestry manufacturers," which are defined as businesses involved in manufacturing wood products, paper, or related items, or those that use wood fiber, biomass, or by-products to create forest products, renewable fuels, bio-based chemicals, or bioenergy, regardless of their specific industry classification code. For taxable years between January 1, 2026, and January 1, 2031, these forestry manufacturers can earn tax credits based on new full-time employee jobs created and for qualified investment property purchased, with the credit amounts varying by county tier (less developed areas). Importantly, these earned tax credits, if not fully used, can be transferred or sold to other Georgia taxpayers, with specific reporting requirements and conditions, and this provision for transferring credits is set to expire on December 31, 2030, though unused credits earned before that date can still be utilized.
Committee Categories
Budget and Finance
Sponsors (6)
Debbie Buckner (D)*,
James Burchett (R)*,
Jon Burns (R)*,
Chas Cannon (R)*,
Jesse Petrea (R)*,
Noel Williams (R)*,
Last Action
House Committee Favorably Reported By Substitute (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/72591 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/242979 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/240844 |
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