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Bill > HB1148
GA HB1148
GA HB1148Income tax; donation of real property for conservation purposes; revise tax credits
summary
Introduced
02/02/2026
02/02/2026
In Committee
03/03/2026
03/03/2026
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 income tax imposition, rate, computation, exemptions, and credits, so as to revise tax credits for donation of real property for conservation purposes; to revise required filings; to repeal provisions regarding the State Properties Commission; to revise the aggregate amount of tax credits allowed; to extend the date for acceptance of new applications; to repeal penalty provisions; to repeal a definition; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
AI Summary
This bill revises Georgia's income tax credits for donating real property for conservation purposes by increasing the maximum credit amount to $1 million or 50% of the property's fair market value, and it extends the deadline for accepting new applications for these credits to December 31, 2031, while also increasing the annual aggregate amount of credits allowed to $30 million for a specific period. The bill also shifts the responsibility for reviewing property appraisals from the State Properties Commission to the Department of Natural Resources, which will now be responsible for identifying substantial valuation misstatements and reporting appraisers to the Georgia Real Estate Commission for potential disciplinary action, and it removes penalty provisions for such misstatements. Additionally, the bill clarifies definitions related to conservation donations, modifies requirements for property suitability, and allows for the transfer or sale of unused tax credits.
Committee Categories
Budget and Finance
Sponsors (6)
Debbie Buckner (D)*,
Chas Cannon (R)*,
John Corbett (R)*,
Robert Dickey (R)*,
Steven Meeks (R)*,
Trey Rhodes (R)*,
Last Action
House Committee Favorably Reported By Substitute (on 03/03/2026)
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/72709 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/244570 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/241150 |
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