Georgia legislation · 2025-2026 Regular Session
Georgia HB248: Income tax; tax credit for certain expenses incurred by taxpayers for certain geothermal machinery installations at residential dwellings; provide
Status: Passed one chamber, March 31, 2026
A BILL to be entitled an Act to amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to provide for a tax credit for certain expenses incurred by taxpayers for certain geothermal machinery installations at residential dwellings; to provide for definitions; to provide for terms and conditions; to provide for a sunset date; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to provide for a tax credit for certain expenses incurred by taxpayers for certain geothermal machinery installations at residential dwellings; to provide for definitions; to provide for terms and conditions; to provide for a sunset date; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
From the introduced text:
A BILL TO BE ENTITLED To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to provide for a tax credit for certain expenses incurred by taxpayers for certain geothermal machinery installations at residential dwellings; to provide for definitions; to provide for terms and conditions; to provide for a sunset date; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, is amended by adding a new Code section to read as follows: "48-7-29.27. (a) As used in this Code section, the term: (1) 'Eligible geothermal installation expenses' means expenses incurred by a taxpayer for a geothermal machinery installation for a residential dwelling that is owned by the taxpayer. H. B. LC 50 1011 (2) 'Geothermal machinery and equipment' means all controls, tanks, pumps, heat exchangers, and other equipment used directly and exclusively for a geothermal machinery installation. Such term excludes any land or structural elements of any building or any equipment ordinarily contained within a dwelling regardless of a geothermal machinery installation. (3) 'Geothermal machinery installation' means the installation of any: …