Form It-Ccc75 - Tax Credit For Cost Of Operations Page 2
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CLEAR
IT-CCC75 (1 1 /12)
Georgia Department of Revenue
Taxpayer Services Division
Page 2
Section 3. Summary
7. Add lines 5 and 6
7. ______________________
8. Deduct: Reimbursed expenditures*
8. ______________________
9. Cost to employer (Line 7 minus Line 8)
9. ______________________
10. Enter amounts paid by employees to employer
10. ______________________
11. Subtract line 10 from line 9
11. ______________________
12. Multiply line 11 by 75%
12. ______________________
13. Enter percentage of employees children to total **
13. ______________________
14. Multiply line 12 by line 13
14. ______________________
15. Enter carry over (if any) from prior year (See Section 4 .)
15. ______________________
16. Add line 14 and line 15 (total available credit)
16. ______________________
17. Enter tax liability
17. ______________________
18. Maximum Possible Credit (50% of line 17)
18. ______________________
19. Enter the lesser of line 16 or 18
19. ______________________
The amount on line 18 is the maximum amount allowable for the current tax year. Enter the amount from
line 19 on the Income Tax Return other credit line.
Section 4 . Carry Over Credit
20. Subtract line 19 from line 16, if less than zero enter none or zero. This amount is your carry over
credit and may be carried over for five (5) years or until exhausted, which ever occurs first. However, the
portion of line 15 that includes prior carryover amounts that exceed the five (5) year carryover limitation
shall be excluded. (Attach schedule).
20. ______________________
*Deduct reimbursed expenses only if included in the expense amounts from Page 1. This includes
amounts for the State-funded Pre-K program or any subsidies received for the costs included on Page 1.
**Calculation for percentage of employees’ children to total should be calculated on Page 3. This applies
only to employers who must prorate the expenses based on Georgia Regulation 560-7-8-.38(2)(a) (i.e.
multiple employers jointly owning the child care facility). If line 13 does not apply, enter 100% .
NOTE: If you are claiming the 100% credit for the Cost of Qualified Child Care Property use
form IT-CCC100.
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