---
title: O.C.G.A. § 48-7-29.4. Tax credits for disaster assistance funds received.
collection: code
id: 48-7-29.4
cite_as: O.C.G.A. § 48-7-29.4 (2025)
canonical_url: https://georgiacommons.org/code/48-7-29.4
md_url: https://georgiacommons.org/code/48-7-29.4.md
text_url: https://georgiacommons.org/code/48-7-29.4/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t48-ch7-8-(v37)-2024-pdf.pdf?sfvrsn=1ff964a3_0#page=129
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: Effective January 1, 2025.
in_force: true
other_versions:
  - version: Effective until January 1, 2025.
    in_force: false
    md_url: https://georgiacommons.org/code/48-7-29.4.md?version=until+January+1%2C+2025
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: REVENUE AND TAXATION / INCOME TAXES / IMPOSITION, RATE, COMPUTATION, EXEMPTIONS, AND CREDITS
---

# O.C.G.A. § 48-7-29.4. Tax credits for disaster assistance funds received.

(a) A taxpayer who receives disaster assistance during a taxable year from the Georgia Emergency Management and Homeland Security Agency or the Federal Emergency Management Agency shall be allowed a credit against the tax imposed by Code Section 48-7-20 in an amount equal to $500.00 or the actual amount of such disaster assistance, whichever is less. The commissioner may require adequate supporting documentation showing that the taxpayer received such assistance.

(b) In no event shall the total amount of the tax credit under this Code section for a taxable year exceed the taxpayer’s income tax liability. Any unused tax credit shall be allowed the taxpayer against no more than three succeeding years’ tax liability. No such credit shall be allowed the taxpayer against prior years’ tax liability.

(c) The commissioner shall be authorized to promulgate any rules and regulations necessary to implement and administer the provisions of this Code section.

## History

Code 1981, § 48-7-29.4, enacted by Ga. L. 2000, p. 410, § 1; Ga. L. 2016, p. 91, § 21/SB 416; Ga. L. 2024, p. 794, § 1-1/HB 1181, effective January 1, 2025.

## Editor's Notes

Ga. L. 2024, p. 794, § 4-1/HB 1181, not codified by the General Assembly, makes the amendments to this Code section by Part I applicable only to the unused tax credits generated during the taxable years beginning on or after January 1, 2025.

## Amendments

The 2024 amendment, effective January 1, 2025, inserted “no more than three” in subsection (b). See Editor’s notes for applicability.

## Delayed Effective Date

Code Section 48-7-29.4 is set out twice in this Code. This version is effective January 1, 2025. For version effective until January 1, 2025, see the preceding version.