Research and Development / R&D Tax Credits in Georgia

Research and development (R&D) tax credits are a valuable benefit for companies developing new products and services in Georgia. R&D tax credits are available to any company that increases its qualified research spending, whether they be brand new companies, existing companies embarking on R&D for the first time or established companies expanding their R&D budget. All are eligible for R&D tax credits in Georgia.

How R&D Tax Credits Work

The research and development tax credit earned is a portion of the increase in R&D spending, which can be used to offset up to 50% of your net Georgia income tax liability after all other credits have been applied. Any unused R&D tax credits can be carried forward for up to 10 years. In addition, excess R&D tax credits can be used against state payroll withholding.