House Bill 1159 (AS PASSED HOUSE AND SENATE)
By: Representatives Gambill of the 15th, Seabaugh of the 34th, Wade of the 9th, Blackmon of
the 146th, Williamson of the 112th, and others
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 the imposition, rate, computation, exemptions, and credits relative to income
taxes, so as to exempt from taxation all income received by individuals, corporations, and
partnerships under the Farmer Bridge Assistance and Specialty Crop Farmers programs of
the United States Department of Agriculture; to provide for related matters; to provide for
an effective date; to repeal conflicting laws; and for other purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the
imposition, rate, computation, exemptions, and credits relative to income taxes, is amended
in subsection (b) of Code Section 48-7-21, relating to taxation of corporations, by adding
new divisions to subparagraph (C) of paragraph (7) and by adding new paragraphs to read
as follows:
<ins>"(viii) For taxable years beginning on or after January 1, 2025, there shall be
subtracted from the taxable income of an electing Subchapter 'S' corporation any
income received as payments under the Farmer Bridge Assistance Program of the
</ins>
<ins>United States Department of Agriculture for which payments 2025 acres were
reported to the United States Department of Agriculture on or before
December 19, 2025, to the extent that such income is included in federal adjusted
gross income or federal taxable income.
(ix) For taxable years beginning on or after January 1, 2025, there shall be subtracted
from the taxable income of an electing Subchapter 'S' corporation any income
received as payments under the Assistance for Specialty Crop Farmers Program of the
United States Department of Agriculture for which payments 2025 acres were
reported to the United States Department of Agriculture's Farm Service Agency on
or before March 13, 2026, to the extent that such income is included in federal
adjusted gross income or federal taxable income."
"(19) For taxable years beginning on or after January 1, 2025, there shall be subtracted
from taxable income any income received as payments under the Farmer Bridge
Assistance Program of the United States Department of Agriculture for which payments
2025 acres were reported to the United States Department of Agriculture on or before
December 19, 2025, to the extent that such income is included in federal adjusted gross
income or federal taxable income.
(20) For taxable years beginning on or after January 1, 2025, there shall be subtracted
from taxable income any income received as payments under the Assistance for Specialty
Crop Farmers Program of the United States Department of Agriculture for which
payments 2025 acres were reported to the United States Department of Agriculture's
Farm Service Agency on or before March 13, 2026, to the extent that such income is
included in federal adjusted gross income or federal taxable income."
</ins>
SECTION 2.
Said article is further amended in Code Section 48-7-23, relating to taxation of partnerships,
by adding new paragraphs to subsection (b) and by adding new subsections to read as
follows:
<ins>"(7) Notwithstanding paragraph (6) of this subsection, for taxable years beginning on or
after January 1, 2025, there shall be subtracted from the taxable income of an electing
partnership any income received as payments under the Farmer Bridge Assistance
Program of the United States Department of Agriculture for which payments 2025 acres
were reported to the United States Department of Agriculture on or before December 19,
2025, to the extent that such income is included in federal adjusted gross income or
federal taxable income.
(8) Notwithstanding paragraph (6) of this subsection, for taxable years beginning on or
after January 1, 2025, there shall be subtracted from the taxable income of an electing
partnership any income received as payments under the Assistance for Specialty Crop
Farmers Program of the United States Department of Agriculture for which payments
2025 acres were reported to the United States Department of Agriculture's Farm Service
Agency on or before March 13, 2026, to the extent that such income is included in federal
adjusted gross income or federal taxable income.
(c) Notwithstanding paragraph (6) of subsection (b) of this Code section, for taxable years
beginning on or after January 1, 2025, there shall be subtracted from taxable income any
income received as payments under the Farmer Bridge Assistance Program of the United
States Department of Agriculture for which payments 2025 acres were reported to the
United States Department of Agriculture on or before December 19, 2025, to the extent that
such income is included in federal adjusted gross income or federal taxable income.
(d) Notwithstanding paragraph (6) of subsection (b) of this Code section, for taxable years
beginning on or after January 1, 2025, there shall be subtracted from taxable income any
income received as payments under the Assistance for Specialty Crop Farmers Program of
</ins>
<ins>the United States Department of Agriculture for which payments 2025 acres were reported
to the United States Department of Agriculture's Farm Service Agency on or before March
13, 2026, to the extent that such income is included in federal adjusted gross income or
federal taxable income."
</ins> SECTION 3.
Said article is further amended in subsection (a) of Code Section 48-7-27, relating to
computation of taxable net income, by adding new paragraphs to read as follows:
<ins>"(11.5) For taxable years beginning on or after January 1, 2025, any income received as
payments under the Farmer Bridge Assistance Program of the United States Department
of Agriculture for which payments 2025 acres were reported to the United States
Department of Agriculture on or before December 19, 2025, to the extent that such
income is included in federal adjusted gross income or federal taxable income;
(11.6) For taxable years beginning on or after January 1, 2025, any income received as
payments under the Assistance for Specialty Crop Farmers Program of the United States
Department of Agriculture for which payments 2025 acres were reported to the United
States Department of Agriculture's Farm Service Agency on or before March 13, 2026,
to the extent that such income is included in federal adjusted gross income or federal
taxable income."
</ins> SECTION 4.
This Act shall become effective upon its approval by the Governor or upon its becoming law
without such approval.
SECTION 5.
All laws and parts of laws in conflict with this Act are repealed.