Skip to main content
Level 1
April 28, 2020

CARES Act

  • April 28, 2020
  • 1 reply
  • 6 views

Wondering if Georgia has adopted the changes in CARES act - such as the NOL carryback to 2 years?

    This topic has been closed for replies.

    1 reply

    itonewbie
    Level 15
    April 28, 2020

    No, at least not yet.  GA has a static conformity date, which is Jan 1, 2019 currently.  In fact, here's what the GA DOR website says (https://dor.georgia.gov/coronavirus-tax-relief-faqs😞

    For purposes of computing Georgia income does Georgia follow any provisions of the CARES Act?

    Not currently. The Cares Act as well as the 2019 Federal changes must be considered for adoption by the Georgia General Assembly. The current legislative session was put on hold due to the Corona Virus and no action has yet been completed.

    ---------------------------------------------------------------------------------Still an AllStar