Georgia SALT Alerts

State and Local Tax Insights

February 27, 2019 | Regulations for Timber Credits | 9-1-1 Emergency Taxes

  • The Georgia Dept. of Revenue adopted a new regulation that provides the implementation and administration of a tax credit for replanting timber lost due to Hurricane Michael. The rule, effective 3/7/19, specifies the credit amount and credit cap. It also explains the preapproval process and how the credit is claimed, sets a carryforward period of up to 10 years from the year the credit is claimed, clarifies how passthrough entities use the credit, and provides the procedures for selling or transferring it. All tax credits must be claimed on or before 12/31/24.
  • The Georgia Supreme Court ordered the dismissal of damage claims filed by several counties against numerous telephone companies. The counties alleged that the companies purposely didn’t bill some kinds of customers 911 charges under the GA Emergency Telephone Number 9-1-1 Service Act of 1977. The counties sought to hold the phone companies liable for the 911 charges owed by their customers, and for damages. The companies filed motions to dismiss the lawsuits, arguing that the 911 charge is a tax and counties don’t have the authority to sue. (Dkt. No. S17G2011)

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