GA HB223

Local governments in FEMA-designated Hurricane Helene disaster areas may waive ad valorem taxes on damaged timber for Q4 2024 and all quarters of 2025, with state grants available to offset lost revenue (capped at each locality's 2021-2023 average timber tax receipts)

Refundable income tax credits of up to 100% of timber casualty losses are available to affected timber producers, capped at $550 per damaged acre and $200 million aggregate, with credits claimable upon completing restoration or replanting

Federal disaster relief payments and USDA agricultural assistance grant income for Hurricane Helene losses are excluded from Georgia taxable income for tax years 2025-2029

Federal crop insurance proceeds for Hurricane Helene crop damage are excluded from Georgia taxable income for tax year 2025

Sales and use tax exemption applies through December 31, 2025 for building materials used to repair or replace greenhouses and agricultural structures such as poultry sheds and livestock barns