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GeorgiaSB 592025-2026 Regular SessionSenateWALLET

Bona Fide Conservation Use Property; a limitation on leased property; remove

Sponsored By: Lee Anderson (Republican), Drew Echols (Republican), Russ Goodman (Republican), Billy Hickman (Republican), Carden Summers (Republican), Sam Watson (Republican)

Vetoed

Ways & MeansFinanceGeneral Bill

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 1 costs, 2 mixed.

Claim after replanting or restoration

You can claim the credit only in the tax year you first finish restoration or required replanting. Replanting must be in the same county and be projected to recover at least 90% of the lost value, using prices as of September 25, 2024. You must attach a certification and any documents the state requires to your return.

Timber loss credit amounts and limits

Georgia provides a timber casualty tax credit equal to 100% of your loss on eligible acres in disaster areas. Your credit cannot be more than $550 for each affected acre. The state also raises the total pool of credits to $250 million. These rules apply to tax years that begin on or after January 1, 2026.

Timber producers: applications and deadlines

For losses on or before December 31, 2025, you must file a preapproval application. Starting January 1, 2026, you may claim without preapproval; the department must start taking these claims by July 1, 2026 and reply within 45 days. Preapproval filings are reviewed in order; you will be told within 30 days if your filing is complete, and qualifying applicants get certificates by January 31, 2026. If requests are higher than the remaining program funds, the state prorates credits among applicants. You must claim any credit by December 31, 2030. These rules apply to tax years beginning on or after January 1, 2026.

Sponsors & Cosponsors

Sponsors

  • Lee Anderson

    Republican • Senate

  • Drew Echols

    Republican • Senate

  • Russ Goodman

    Republican • Senate

  • Billy Hickman

    Republican • Senate

  • Carden Summers

    Republican • Senate

  • Sam Watson

    Republican • Senate

Cosponsors

  • Angie O'Steen

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 284 • No: 25

Senate vote • 3/12/2026

AGREE TO HOUSE SUBSTITUTE

Yes: 49 • No: 0 • Other: 4

House vote • 2/26/2026

PASSAGE

Yes: 154 • No: 3 • Other: 15

Senate vote • 2/19/2025

MOTION TO ENGROSS: SB 45, SB 59, SB 89, AND SR 56

Yes: 31 • No: 21 • Other: 1

Senate vote • 2/19/2025

PASSAGE

Yes: 50 • No: 1

Actions Timeline

  1. Senate Date Signed by Governor

    5/12/2026Senate

  2. Veto V9

    5/12/2026

  3. Senate Sent to Governor

    4/10/2026Senate

  4. Senate Agreed House Amend or Sub

    3/12/2026Senate

  5. House Third Readers

    2/26/2026House

  6. House Passed/Adopted By Substitute

    2/26/2026House

  7. House Committee Favorably Reported By Substitute

    2/18/2026House

  8. House Withdrawn, Recommitted

    4/4/2025House

  9. House Committee Favorably Reported By Substitute

    3/31/2025House

  10. House Second Readers

    2/21/2025House

  11. House First Readers

    2/20/2025House

  12. Senate Engrossed

    2/19/2025Senate

  13. Senate Third Read

    2/19/2025Senate

  14. Senate Passed/Adopted

    2/19/2025Senate

  15. Senate Read Second Time

    2/18/2025Senate

  16. Senate Committee Favorably Reported

    2/13/2025Senate

  17. Senate Read and Referred

    1/30/2025Senate

  18. Senate Hopper

    1/29/2025Senate

Bill Text

  • SB 59/AP* (v9)

    PDF

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