Questions & Answers

What is the Railroad Track Maintenance Tax Credit?

Effective for taxable years beginning on or after January 1, 2019, a Class III railroad must request preapproval electronically from the Department through the Georgia Tax Center for this credit. The credit can be sold to a Georgia taxpayer as provided in the regulation. This credit is claimed on Form IT-RTM and this form should be included with your return.

For more information, refer to O.C.G.A. 48-7-40.34 and Revenue Regulation 560-7-8-.64.

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