Georgia legislation · 2025-2026 Regular Session
Georgia HB1148: Income tax; donation of real property for conservation purposes; revise tax credits
Status: Passed one chamber, March 6, 2026
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 income tax imposition, rate, computation, exemptions, and credits, so as to revise tax credits for donation of real property for conservation purposes; to revise required filings; to repeal provisions regarding the State Properties Commission; to revise the aggregate amount of tax credits allowed; to extend the date for acceptance of new applications; to repeal penalty provisions; to repeal a definition; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, so as to revise tax credits for donation of real property for conservation purposes; to revise required filings; to repeal provisions regarding the State Properties Commission; to revise the aggregate amount of tax credits allowed; to extend the date for acceptance of new applications; to repeal penalty provisions; to repeal a definition; to provide for related matters; to provide for an effective date…
From the introduced text:
A BILL TO BE ENTITLED To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, so as to revise tax credits for donation of real property for conservation purposes; to revise required filings; to repeal provisions regarding the State Properties Commission; to revise the aggregate amount of tax credits allowed; to extend the date for acceptance of new applications; to repeal penalty provisions; to repeal a definition; 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 income tax imposition, rate, computation, exemptions, and credits, is amended by revising Code Section 48-7-29.12, relating to tax credits for donation of real property for conservation purposes, as follows: "48-7-29.12. (a) As used in this Code section, the term: H. B. 1148 LC 44 3389 (1) 'Conservation easement' means a nonpossessory interest in real property imposing limitations or affirmative obligations, the purposes of which are consistent with at least two conservation purposes. (2) 'Conservation purpose' means any of the (B) Protection of wildlife habitat consistent with state wildlife conservation …