GA HB425

Creates a state income tax credit for convenience stores (under 10,000 sq ft) and skilled nursing facilities that purchase and install emergency power generators between July 1, 2025 and December 31, 2026

Tax credit is capped at $5,000 per year and must be spread over five taxable years, with no carry-forward beyond that period

Taxpayers limited to one credit per convenience store or skilled nursing facility, with a maximum of five convenience stores per taxpayer

Aggregate cap of $5 million for all tax credits under this program, with applications preapproved on a first-come, first-served basis within 30 days

Legislation cites Hurricane Helene's impact on Georgia as justification; the tax credit provision automatically repeals on December 31, 2031