HB 330 Georgia House · 2025-2026 Regular Session

Income tax; credits for contributions to law enforcement foundations; revise provisions

Summary

A BILL to be entitled 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 for income taxes, so as to revise provisions for income tax credits for contributions to law enforcement foundations; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

Issues: ✓ Budget & Taxes

Bill status died 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 6, 2025 Last action Apr 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

LC 39 4582/a → LC 50 1198S/hs · 8 edits

MODERATE

The bill was amended to significantly expand tax credit limits for education donations to nonprofit corporations while simultaneously reducing the credit amount for certain entities. Additionally, the law enforcement foundation credit section was updated to clarify definitions, remove carry-forward provisions, and establish a strict pre-approval process to manage aggregate funding limits.

Scope change

The bill's scope expanded to include specific provisions for education donations to nonprofit corporations, whereas the original version focused primarily on law enforcement foundations. The applicability of the education donation credit now includes a new pre-approval requirement and a sunset date.

FISCAL

Introduced a new tax credit for qualified education donations to nonprofit corporations, capping the credit at 75% of tax liability or the actual donation amount.

Increased the annual aggregate limit for education donation tax credits from $20 million to $15 million for 2024 and subsequent years.

Eliminated the ability to carry forward unused education donation tax credits to future years.

Removed the provision allowing taxpayers to carry forward unused law enforcement foundation tax credits.

REQUIREMENT

Added a mandatory pre-approval process where taxpayers must electronically notify the department of intended donations before receiving a tax credit.

TIMELINE

Established a sunset date for the education donation tax credit, limiting its availability to tax years ending on or before December 31, 2027.

ELIGIBILITY

Reduced the maximum credit allowed for certain entities, such as LLC members and S-corp shareholders, from $10,000 to $5,000 per year.

DEFINITION

Revised the definition of 'qualified law enforcement foundation' to explicitly include state-wide support organizations.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 4, 2025

Committee

House Withdrawn, Recommitted

lower

Mar 6, 2025

Lower · Passed

House Committee Favorably Reported By Substitute

lower

Feb 6, 2025

Introduced

House Hopper

lower

5 primary · 0 co-sponsors