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2018 Georgia Code 48-7-29.5 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 48-7-29.5 Case Law from Google Scholar Amendments to OCGA 48-7-29.5

TITLE 48 REVENUE AND TAXATION

Section 7. Income Taxes, 48-7-1 through 48-7-170.

ARTICLE 2 IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS

48-7-29.5. (Repealed effective December 31, 2018) Tax credit for private driver education courses of minors; required documentation; rules and regulations.

  1. A taxpayer shall be allowed a credit against the tax imposed by Code Section 48-7-20 with respect to the amount expended by such taxpayer for a completed course of driver education for a dependent minor child of such taxpayer at a private driver training school licensed by the Department of Driver Services under Chapter 13 of Title 43, "The Driver Training School and Commercial Driver Training School License Act," except as otherwise provided by this Code section. The amount of such tax credit per dependent minor child of a taxpayer shall be the actual amount expended for such course, or $150.00, whichever is less.
    1. The tax credit provided by this Code section shall be allowed not more than once for each dependent minor child of a taxpayer.
    2. In no event shall the aggregate amount of the tax credit provided by this Code section exceed the taxpayer's income tax liability.
  3. No credit shall be allowed under this Code section with respect to any driver education expenses either deducted or subtracted by the taxpayer in arriving at Georgia taxable net income or with respect to any driver education expenses for which amounts were excluded from Georgia net taxable income.
  4. No credit shall be allowed under this Code section unless the taxpayer has obtained written proof of the successful completion of the course of driver education by the dependent minor child and the amount expended by the taxpayer for such course.
  5. The commissioner shall promulgate any rules and regulations necessary to implement and administer this Code section.
  6. This Code section shall stand repealed on December 31, 2018.

(Code 1981, §48-7-29.5, enacted by Ga. L. 2000, p. 451, § 1; Ga. L. 2002, p. 415, § 48; Ga. L. 2005, p. 334, § 29-4/HB 501; Ga. L. 2008, p. 898, § 8/HB 1151; Ga. L. 2017, p. 774, § 48/HB 323; Ga. L. 2018, p. 113, § 3/SB 328.)

The 2017 amendment, effective May 9, 2017, part of an Act to revise, modernize, and correct the Code, substituted "The Driver Training School and Commercial Driver Training School License Act" for "The Driver Training School License Act" at the end of the first sentence in subsection (a).

The 2018 amendment, effective March 27, 2018, added subsection (f). See Editor's notes for applicability.

Cross references.

- Driver education course accepted for Carnegie unit elective credits, § 20-2-151.2.

Grants for driver education courses for secondary school students, § 20-2-257.

Code Commission notes.

- Pursuant to Code Section 28-9-5, in 2000, this Code section, enacted as Code Section 48-7-29.4, was redesignated as Code Section 48-7-29.5.

Editor's notes.

- Ga. L. 2000, p. 451, § 2, not codified by the General Assembly, makes this Code section applicable to all taxable years beginning on or after January 1, 2001.

Ga. L. 2008, p. 898, § 13/HB 1151, not codified by the General Assembly, provides that the amendment to this Code section shall be applicable to all taxable years beginning on or after January 1, 2008.

Ga. L. 2018, p. 113, § 3/SB 328, provides for the repeal of this Code section effective December 31, 2018.

Ga. L. 2018, p. 113, § 5/SB 328, not codified by the General Assembly, provides that the amendment of this Code section by that Act shall be applicable to all taxable years beginning on or after January 1, 2018.

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