Income tax; tax credits for establishing or relocating quality jobs; provide clarification
It became law on May 1, 2023.
- Stage
- Became law
- Started in
- House
- Sponsors
- 5
- Latest action
- May 1, 2023
What it does
A BILL to be entitled an Act to amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to provide for clarification, with respect to an income tax credit for establishing or relocating quality jobs; to provide that the definition of taxpayer in paragraph (a)(7) of Code Section 48-7-40.17, which became effective January 1, 2016, includes taxpayers exempt from tax pursuant to Code Section 48-7-25 only to the extent that a trade or business operated by such organization generates unrelated business income; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Georgia.