GA HB1148

Increases the maximum conservation tax credit from $500,000 to $1 million per donation, and raises the credit percentage from 25% to 50% of the property's fair market value

Doubles individual taxpayer credit limits from $250,000 to $500,000 (under Code Section 48-7-20) and from $500,000 to $1 million (under Code Section 48-7-21)

Extends the program's application deadline from December 31, 2026 to December 31, 2031, and restores the $30 million annual aggregate credit cap for the period June 1, 2026 through December 31, 2031

Transfers appraisal review responsibilities from the State Properties Commission to the Department of Natural Resources, which will now determine substantial valuation misstatements and report appraisers to the Georgia Real Estate Commission

Repeals penalty provisions that previously imposed fines on appraisers for substantial valuation misstatements related to conservation property credits