There is a significant new double-tax benefit for pass-through businesses (effective for 2022), allowing a SALT (state & local income tax) limit workaround, coupled with a much more generous GOAL tax credit opportunity, per Georgia HB 149.

  • Georgia’s elected officials have just enacted a SALT deduction workaround for pass-through businesses. HB 149 allows your pass-through business to elect to pay state income taxes at the entity level, resulting in significant federal tax savings, as illustrated in this example.
  • This election also expands the positive impact your business can have through the GOAL program, as your pass-through business can now contribute up to 75% of its annual Georgia income tax liability to GOAL, resulting in a meaningful double-tax benefit of federal tax savings and a Georgia tax credit. See our one-pager entitled Benefit meets Opportunity for further detail.

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