IT-WR-AP: Wood Residuals Tax Credit (Received Certification) (2024)
Georgia · Georgia DOR · Used for tax years 2024
Form IT-WR-AP requests tentative approval of a Georgia income tax credit for transporting or diverting wood residuals to a renewable biomass qualified facility. It reports business and facility information, the preapproved credit amount certified by the Georgia Forestry Commissio
Who files this form
Use Form IT-WR-AP if you are seeking the Georgia income tax credit for transporting or diverting wood residuals to a renewable biomass qualified facility and have received certification from the Georgia Forestry Commission (GFC).
The credit applies to transporting or diverting wood residuals on or after July 1, 2008. The taxpayer claiming the credit must be the taxpayer who received the GFC certification.
When it's due
For tax year 2024, submit Form IT-WR-AP and the GFC certification on or before January 31 of the following year.
What you'll need
Have the following ready:
- GFC certification, which must be attached to Form IT-WR-AP and assigns a dollar value to the wood residuals transported or diverted.
- Taxpayer name, address, Federal Employer Identification Number or Social Security Number, business type, and tax year ending.
- Contact person's name, telephone number, and email address.
- State of incorporation, if the taxpayer is a corporation.
- Date of GFC certification.
- Each renewable biomass qualified facility's name and delivery beginning and ending dates. Attach a list if more than two facilities are included.
- The preapproved credit amount and any credit carried forward from prior years.
How to file
- Obtain GFC certification before submitting Form IT-WR-AP to the Georgia Department of Revenue.
- Complete Section A with taxpayer and contact information.
- Complete Section B with qualified facility names and delivery dates. Attach a list if more than two facilities are included.
- Complete Section C: enter the preapproved credit on line 1 and prior-year credit carried forward on line 2. Add those amounts and enter the total on line 3.
- Attach the GFC certification and email the completed form to taxcredits.inquiries@dor.ga.gov for tentative approval.
Common mistakes
- Submitting before receiving GFC certification. You must receive certification before applying to the Department of Revenue.
- Leaving out the certification. It must be attached to Form IT-WR-AP.
- Omitting additional facilities. Attach a list if more than two qualified facilities are part of the request.
- Overlooking the credit limit. The credit granted cannot exceed the actual amount certified by GFC.
Questions people ask
What tax does this credit apply to?
The wood residuals tax credit applies against Georgia income tax.
How much credit can be granted?
The credit granted cannot exceed the actual amount GFC certified to the taxpayer.
Can unused credit be carried forward?
Yes. Unused credit for transporting or diverting wood residuals may be applied against succeeding years' tax liability.
How are credits allocated?
Credits are allowed on a first-come, first-served basis. The date Form IT-WR-AP is received determines that order.