HB 224 2019-2020 Regular Session

2019-2020 Regular Session - HB 224
Income tax; credit for new purchases and acquisitions of qualified investment property shall be earnable for mining and mining facilities and allowed against a taxpayer's payroll withholding; provide

Sponsored By

(1) Williamson, Bruce 115th(2) Kelley, Trey 16th(3) Powell, Jay 171st

(4) Harrell, Brett 106th(5) Meeks, Steven 178th(6) Werkheiser, Bill 157th

Sponsored In Senate By

Albers, John 56th

Committees

HC: Ways & MeansSC: Finance

First Reader Summary

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, computation, and exemptions from state income tax, so as to provide that credit for new purchases and acquisitions of qualified investment property shall be earnable for mining and mining facilities and allowed against a taxpayer's payroll withholding; to provide that certain previously claimed and unused tax credits earned by taxpayers may be applied against such taxpayers' payroll withholding under certain conditions; to provide for conditions and limitations; to provide for applications and proration; to revise definitions; to provide for related matters; to provide for an effective date and application; to repeal conflicting laws; and for other purposes.

Status History

Jun/01/2019 - Effective Date

May/06/2019 - Act 228

May/06/2019 - House Date Signed by Governor

Apr/11/2019 - House Sent to Governor

Apr/02/2019 - Senate Agreed House Amend or Sub

Apr/02/2019 - House Agreed Senate Amend or Sub As Amended

Mar/29/2019 - Senate Passed/Adopted By Substitute

Mar/29/2019 - Senate Third Read

Mar/29/2019 - Senate Engrossed

Mar/28/2019 - Senate Committee Favorably Reported By Substitute

Mar/26/2019 - Senate Read Second Time

Mar/26/2019 - Senate Committee Favorably Reported By Substitute

Mar/05/2019 - Senate Read and Referred

Mar/04/2019 - House Passed/Adopted By Substitute

Mar/04/2019 - House Third Readers

Mar/01/2019 - House Committee Favorably Reported By Substitute

Feb/12/2019 - House Second Readers

Feb/11/2019 - House First Readers

Feb/08/2019 - House Hopper

Footnotes

03/04/2019 Structured Rule; 3/29/2019 Engrossed Upon 3rd Reading in Senate; 04/02/2019 House agreed to Senate Substitute as House amended; 4/2/2019 Senate agreed to House amendment to Senate substitute

Votes

Apr/02/2019 - Senate Vote #432Yea(49)Nay(3)NV(3)

Exc(1)

Apr/02/2019 - House Vote #359Yea(158)Nay(5)NV(10)

Exc(7)

Mar/29/2019 - Senate Vote #322Yea(46)Nay(2)NV(7)

Exc(1)

Mar/29/2019 - Senate Vote #314Yea(36)Nay(18)NV(1)

Exc(1)

Mar/04/2019 - House Vote #124Yea(160)Nay(2)NV(6)

Exc(12)

Current Version