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GA HB824
Bill
Status
Introduced
2/1/2018
Primary Sponsor
Howard Mosby
Click for details
AI Summary
- Amends Georgia Code Section 48-7-27 to allow taxpayers who claim the federal standard deduction to still itemize nonbusiness deductions on their Georgia state income tax return
- Under prior law, taxpayers who did not itemize on their federal return were limited to Georgia's standard deduction; the bill adds a new option (subparagraph B) permitting them to deduct all itemized nonbusiness deductions they could have claimed federally
- Retains existing Georgia standard deduction amounts: $2,300 for single filers or heads of household, $1,500 for married filing separately, and $3,000 for married filing jointly
- Preserves additional deductions of $1,300 each for taxpayers or spouses who are age 65 or older or blind at the close of the taxable year
- Effective July 1, 2018, and applicable to all taxable years beginning on or after January 1, 2018
Legislative Description
Income tax; change in the computation of state taxable income; provide
Last Action
House Second Readers
2/6/2018
Full Bill Text
No bill text available