Georgia Dept. of Rev. v. Georgia Chemistry Council, Inc., 607 S.E.2d 207 (Ga. Ct. App. 2004)

The Georgia Chemistry Council, Inc. (“GCC”), a trade association representing 22 companies in the bio-tech industry, filed a declaratory judgment action against the Georgia Department of Revenue (“GDOR”) to challenge the validity of a regulation[1] which interprets the research tax credit codified in OCGA ยง 48-7-40.12 (“the statute”). The statute allows a tax credit of […]