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Research and development (R&D) tax credits are a valuable benefit for companies conducting qualified R&D activities in Georgia. Any business—from startups to existing companies embarking on R&D for the first time, or established companies expanding their existing R&D budget—can be eligible for Georgia R&D tax credits.
R&D tax credits are available to any company that increases its qualified research expenditures, and credit earned 10% of the increase in R&D spending compared to the base amount. The credit can be used to offset up to 50% of net Georgia income tax liability, after all other credits have been applied.
Any unused R&D tax credits can be carried forward for up to 10 years. In addition, excess R&D tax credits can be used against state payroll withholding.
R&D Tax Credit Available:
C-Corporation, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Georgia Tax Return
Data Required to Compute Credit:
Claim Period Georgia Qualified R&D Expenses (QREs)
What Information is needed?
Claim Period Georgia Gross Receipts
To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.
Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.