Georgia Code Title 48. Revenue and Taxation § 48-7-38

(1) “Classified subcontractor” means a small business certified as a minority business enterprise, women owned business, or veteran owned business under Code Section 50-5-132.

(2) “Small business” shall have the same meaning as provided in Code Section 50-5-121.

(3) “State contract” means a contract for the purchase by the state of goods, property, or services or for the construction of any building or structure for the state, which contract is executed by any department, board, bureau, commission, or agency of state government, by any state authority, or by any officer, official, employee, or agent of any of the foregoing.

(1) The payment is for goods, personal property, or services furnished by the classified subcontractor to the taxpayer and delivered by the taxpayer to the state in furtherance of a state contract to which the taxpayer is a party; and the payment does not exceed the value of the goods, property, or services to the taxpayer;

(2) The payment is made during the taxable year for which the subtraction from federal taxable income or federal adjusted gross income is claimed; and

(3) The payment is made to a small business which, at the time of the payment, is certified as a minority business enterprise, women owned business, or veteran owned business under Code Section 50-5-132.