GA| Bulletin 25-EX-5, issued by the Georgia OCI Premium Tax Division, informs insurers subject to O.C.G.A. §§ 33-5-17, 33-8-4, and 33-40-5 that to claim the Georgia Housing Tax Credit under O.C.G.A. § 33-1-18 on their annual premium tax returns, they must submit complete supporting documentation with the filing, as current-year returns are being audited and estimates will not be accepted. Required documentation consists of: (1) a properly executed Form IT-HC with page 3 showing the total credit claimed; (2) a Georgia K‑1 equivalent for each partnership reflecting the state credit allocated; and (3) a schedule listing each property for which a credit is claimed with building-by-building allocations. If the required documentation is not available at the time of the original filing, insurers are directed to file an amended return once the documentation is complete, and questions should be directed to the Georgia Premium Tax Division by phone or email.
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