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GA HB1002
Bill
Status
Introduced
2/24/2020
Primary Sponsor
Brett Harrell
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AI Summary
- Removes the existing exception that excluded Georgia state income taxes from the add-back requirement when computing Georgia taxable net income
- Requires income taxes imposed by all tax jurisdictions — now including Georgia itself — to be added back to taxable income to the extent they were deducted on the federal return
- Amends Code Section 48-7-27, paragraph (3) of subsection (b), by striking the phrase "except the State of Georgia"
- Effective January 1, 2021, applicable to all taxable years beginning on or after that date
- Sponsored by Representative Harrell of the 106th District
Legislative Description
Income tax; add Georgia income tax paid by an individual to Georgia taxable net income to the extent such tax was deducted in determining federal taxable income
Last Action
House Committee Favorably Reported
3/9/2020
Full Bill Text
No bill text available