Article: 50361

General Information

The GA – Schedule 2 – Georgia Tax Credits screen is used to report state-level tax credits that reduce your Georgia income tax liability. These credits require certification by the state and may be either newly generated or carried over from a prior year.

You can select from an extensive list of Georgia-approved credit codes and enter the applicable certificate and credit details.

Fields highlighted in green are override fields, which override information that flows into those fields from elsewhere in the return.

Supported Credit Codes

Each entry begins with its three-digit code, followed by the official credit name:

• 102 Employer’s Credit for Approved Employee Retraining
• 103 Employer’s Jobs Tax Credit
• 104 Employer’s Credit for Purchasing Child Care Property
• 105 Employer’s Credit for Providing or Sponsoring Child Care for Employees
• 106 Manufacturer’s Investment Tax Credit
• 107 Optional Investment Tax Credit
• 109 Low Income Housing Credit
• 111 Business Enterprise Vehicle Credit
• 112 Research Tax Credit
• 113 Headquarters Tax Credit
• 114 Port Activity Tax Credit
• 115 Bank Tax Credit
• 118 New Facilities Job Credit
• 119 Electric Vehicle Charger Credit
• 120 New Facilities Property Credit
• 121 Historic Rehabilitation Credit
• 122 Film Tax Credit
• 124 Land Conservation Credit
• 125 Qualified Education Expense Credit
• 126 Seed-Capital Fund Credit
• 128 Wood Residual Credit
• 129 Qualified Health Insurance Expense Credit
• 130 Quality Jobs Credit
• 131 Alternate Port Activity Credit
• 132 Qualified Investor Credit
• 133 Film Credit for a Qualified Interactive Entertainment Prod Co.
• 135 Historic Rehabilitation Credit for any other Certified Structure
• 136 Qualified Rural Hospital Organization Expense Tax Credit
• 137 Qualified Parolee Job Tax Credit
• 138 Postproduction Film Tax Credit
• 139 Small Postproduction Film Tax Credit
• 140 Qualified Education Donation Tax Credit
• 141 Musical Tax Credit
• 142 Rural Zone Tax Credit
• 143 Agribusiness and Rural Jobs Tax Credit
• 144 Post-Consumer Waste Material Tax Credit
• 145 Timber Tax Credit
• 146 Railroad Track Maintenance Tax Credit
• 147 Personal Protective Equipment Manufacturer Tax Credit
• 148 Life Sciences Manufacturing Job Tax Credit
• 149 Historic Rehab Credit for Historic Homes/Other Cert Structure
• 150 Qualified Law Enforcement Donation Credit
• 151 Qualified Foster Child Donation Credit
• 152 Historic Rehabilitation Credit for Historic Homes 2023 and 2024
• 153 Historic Rehabilitation Credit for Other Certified Structures 2023 through 2027
• 154 Rural Healthcare Professional Credit

What to enter for each credit you claim:

• Code – Select the appropriate credit from the dropdown menu.
• Company Name – The entity that issued the credit.
• ID Number – The identification number for the issuer (check SSN box if applicable).
• Certificate Number – Number assigned to your credit certificate.
• Credit Generated in 2024 – Dollar amount of new credit for this year (override field).

You may enter multiple credits on this screen.

Additional Fields:

• Credit remaining from previous year – Carried-forward credit amount (override field).
• Amount of credit sold – If you sold part of your credit (override field).
• Credit used in 2024 – Total credit applied to this year’s return (override field).
• Checkboxes for Code 114 – Indicate whether your claim involves the standard Port Activity Job Credit or the Port Activity Job Tax Credit variant.

How to Add

1. Click on the State Taxes section on the left-hand side of the screen.
2. Click the link “I’d like to see the forms I’ve filled out or search for a form.”
3. Click on the drop list for Georgia.
4. Select the Credits tab.
5. Click on GA – Schedule 2 – Georgia Tax Credits to open the screen.
6. Enter the applicable credit details.
7. Click Save.

Further Information

For more on Georgia’s business and individual tax credits, including required documentation and qualifications, visit:
Georgia Department of Revenue – Taxes for Individuals:
https://dor.georgia.gov/taxes/taxes-individuals