HB 149 was recently passed in the State legislature offering S-Corps the ability to fund GA tax liability at a rate of 5.75% through the entity itself. It also provides a means for S-Corps who elect to fund Georgia tax liability through the entity to participate in the Apogee tax credit program as if they were a C-Corp, allowing the S-Corp to contribute up to 75% of its Georgia tax liability to Apogee. If the S-Corp elects to fund GA tax liability through the entity, the Apogee S-Corp Tax Election application must be completed instead of providing personal taxpayer information as in prior years. Please consult your tax advisor.