HB 24 - Income tax; corporations; gradual reduction; abolishment

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Committees

Current Status

01/24/05 - House Second Readers

First Reader Summary

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 a gradual reduction in the state income tax rate for corporations over a period of years; to abolish the state income tax effective for tax years beginning on or after January 1, 2011; to provide for the collection of income taxes prior to such abolishment; to provide for an effective date; to repeal conflicting laws; and for other purposes.

Status History

Bill History
Date Action
12/15/2004 House Prefiled
01/12/2005 House First Readers
01/24/2005 House Second Readers