GA HB1212

Imposes a 50% excise tax on judgment and settlement proceeds received by Georgia landowners for PFAS contamination abatement, removal, and remediation costs when those funds are not used for their intended cleanup purpose

Provides a 50% tax credit for funds actually spent on PFAS remediation or placed into an irrevocable trust exclusively for future PFAS cleanup of the affected property

Requires landowners to file notice with the Revenue Commissioner within 30 days of receiving taxable PFAS damages, with tax returns and payment due on January 15 of the fourth calendar year after receiving the funds

Excludes from taxation damages awarded for land value diminution, loss of use/enjoyment, bodily injury, emotional distress, or wrongful death

Requires plaintiffs to provide written notice to alleged PFAS polluters about the excise tax and credit provisions before filing a lawsuit; effective January 1, 2027