The Georgia Conservation Tax Credit (Form IT-CONSV) provides a tax credit to eligible taxpayers who make qualified conservation donations that protect Georgia's natural, scenic, agricultural, forested, or historic resources.
Taxpayers claiming this credit must obtain approval and maintain documentation supporting the conservation contribution and credit amount.
Program Entry
To access this credit, navigate to:
Georgia → Credits → Non IND-CR Credits → Form IT-CONSV Conservation Tax Credit
What Information Is Required?
When completing Form IT-CONSV, you may be asked to enter the following information:
- Name of the contact person
- Title of the contact person
- Contact person's phone number and email address
- Date of contribution
- Your preapproved conservation credit amount
- The amount of the credit you carried forward from previous years
- Your credit used in the tax year:
- This is the amount of the conservation tax credit you are applying to your current year return
- The amount of the credit you sold or transferred, if any
- Credit certificate number
Credit Carryforward
If the conservation tax credit exceeds the taxpayer's Georgia tax liability, a portion of the credit may be carried forward to future tax years, subject to Georgia's applicable rules and limitations.
Any prior-year amounts carried forward should be entered in the Credit Carried Forward from Prior Years field.
Credit Transfers and Sales
Georgia permits certain conservation tax credits to be transferred or sold.
If all or part of the credit was sold:
- Enter the amount sold in the Credit Sold field.
- Maintain records supporting the transfer or sale.
- Retain copies of any certificates and approval documents.
Documentation Requirements
Taxpayers should retain:
- Conservation easement or contribution documentation.
- Georgia Department of Revenue approval notices.
- Credit certificates.
- Credit transfer or sale documentation, if applicable.
- Any supporting records used to calculate the credit.
These documents may be required if the Georgia Department of Revenue requests additional information.
Important Notes
- The credit must be preapproved before it can be claimed.
- The approved credit amount should match the credit certificate provided by the Georgia Department of Revenue.
- Enter only the amount of credit being used in the current tax year.
- Be sure to account for any credits carried forward or sold when calculating the amount available for use.