Form It-Ccc75 - Tax Credit For Cost Of Operations
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3IT-CCC75 (08/03)
Department of Revenue
Income Tax Division
Tax Credit For Cost Of Operations
Section 48-7-40.6(b) of the Georgia Code provides for a tax credit based on expenditures for cost of operations made by an employer
for child care for employee’s children. This credit is 75% of the direct operational costs incurred by an employer as a result of providing
employer provided or employer sponsored child care less any amounts the employees must repay to the employer. The term employer
provided refers to child care offered on the premises of the employer. Employer sponsored refers to a contractual arrangement with a
child care facility that is paid for by the employer. Employers whose expenses include expenses for other than just their employees must
utilize lines 17 and 18 in Section 4 on Page 2 and complete the calculation on Page 3, per Georgia Regulation 560-7-8-.38(2)(a).
Name of Taxpayer Claiming Credit
Contact Person
Federal Employer Identification Number
Phone Number
Street Address
City, State and Zip Code
Type of Business: ? Sole Proprietor ? S Corporation ?
Tax Year
Partnership/LLC?
C Corporation ? Other(Specify)
Name of Child Care Provider
FEI Number of Provider
Address of Provider
Location of Facility
Instructions:
If this credit is from a facility which is jointly owned by more than one employer then each employer should complete a form ITCCC75 showing their
proportionate share of participation. Also, in the case of a pass through entity (S-Corp., LLC etc.), the shareholders receive a share of this credit
based on their proportionate share of ownership.
Section 1 Expenses for operating or establishing an employer provided facility
1. Mortgage or lease payment (Rent)
1.
2. Playground and classroom equipment
2.
3. Kitchen appliances and cooking equipment
3.
4. Other
4.
5. Other
5.
6. Total (lines 1 through line 5)
6.
Section 2 Annual expenses of operating a child care facility
7. Salaries and wages
7.
8. Supplies
8.
9. Utilities
9.
10. Other
10.
11. Total (lines 7 through 10)
11.
Section 3 Expenses for employer sponsored child care
12. Payments to a licensed child care facility
12.
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Parent category: Financial