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Deadline approaching for Hurricane Helene tax incentives

The deadline for the reforestation tax credit and the harvest tax suspension is Dec. 31. To be eligible to receive these exemptions, you must apply before the deadline.

 Reforestation Tax Credit

The reforestation tax credit is a state income tax credit for taxpayers who suffered timber losses during Hurricane Helene. Eligible recipients may claim a Georgia income tax credit for up to 100% of losses sustained in certified disaster areas, up to $550 per acre. To receive the credit, go to the Georgia Tax Center's website and fill out the pre-approval application.

Eligible counties for the reforestation tax credit:

Appling, Atkinson, Bacon, Baldwin, Ben Hill, Berrien, Bleckley, Brantley, Brooks, Bryan, Bulloch, Burke, Butts, Camden, Candler, Charlton, Chatham, Clinch, Coffee, Colquitt, Columbia, Cook, Echols, Effingham, Elbert, Emanuel, Evans, Glascock, Glynn, Hancock, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Lanier, Laurens, Liberty, Lincoln, Long, Lowndes, Madison, McDuffie, McIntosh, Montgomery, Newton, Pierce, Putnam, Rabun, Richmond, Screven, Taliaferro, Tattnall, Telfair, Tift, Toombs, Treutlen, Turner, Ware, Warren, Washington, Wayne, Wheeler, Wilkes, Wilkinson, and Worth.

Harvest Tax Suspension Reimbursement

The Hurricane Relief package also allowed local governments to suspend harvest tax collections in the county for the final quarter of 2024 and all quarters of 2025. To qualify, you must be in a FEMA disaster declaration county, your county must have passed a resolution allowing the reimbursement, and you must submit this certification form from the State Forestry Commission and turn it over to the local governing authority.

Eligible counties for the harvest tax suspension:

Appling, Atkinson, Bacon, Baldwin, Banks, Ben Hill, Berrien, Bleckley, Brantley, Brooks, Bryan, Bulloch, Burke, Butts, Camden, Candler, Charlton, Chatham, Clinch, Coffee, Colquitt, Columbia, Cook, Crisp, Dawson, Decatur, Dodge, Dooly, Echols, Effingham, Elbert, Emanuel, Evans, Franklin, Gilmer, Glascock, Glynn, Grady, Greene, Habersham, Hancock, Hart, Irwin, Jackson, Jasper, Jeff Davis, Jefferson, Jenkins, Johnson, Lamar, Lanier, Laurens, Liberty, Lincoln, Long, Lowndes, Lumpkin, Madison, McDuffie, McIntosh, Mitchell, Monroe, Montgomery, Oglethorpe, Paulding, Pierce, Pike, Pulaski, Putnam, Rabun, Richmond, Screven, Stephens, Taliaferro, Tattnall, Telfair, Thomas, Tift, Toombs, Treutlen, Turner, Twiggs, Ware, Warren, Washington, Wayne, Wheeler, White, Wilcox, Wilkes, Wilkinson, Worth.

For more information and access to more resources, visit the Georgia Forestry Association's Helene Resources Page at https://gfagrow.org/helene-resources/ .

 

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