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GA HB968

Bill

Official Source

Status

Introduced

2/10/2014

Primary Sponsor

Charles Martin

Click for details

Origin

House of Representatives

2013-2014 Regular Session

AI Summary

  • Repeals Georgia's corporate net worth tax and eliminates corporate net worth return filing requirements effective January 1, 2015
  • Tax, penalty, interest liabilities, and refund eligibility for taxable years prior to January 1, 2015, remain governed by existing law
  • Prosecutions, punishments, penalties, administrative proceedings, and civil actions for violations committed before January 1, 2015, are preserved and not abated
  • Amends Article 4 of Chapter 13 of Title 48 of the Official Code of Georgia Annotated, replacing the existing corporate net worth tax provisions in their entirety
  • Becomes effective upon approval by the Governor or upon becoming law without such approval

Legislative Description

Business and occupation tax; repeal corporate net worth; provisions

Last Action

House Second Readers

2/11/2014

Committee Referrals

Ways and Means2/10/2014

Full Bill Text

No bill text available