HB 176 - State income tax; corporations; provide gradual reduction; abolish January 1, 2010

Sponsored By

• (1) Scott,Martin 2nd
• (2) Loudermilk,Barry 14th
• (3) Neal,Jay 1st
• (4) Setzler,Ed 35th
• (5) Franklin,Bobby 43rd
• (6) Horne,Billy 71st

Committees

• HC:W&M
• SC:

Current Status

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 for corporations effective for tax years beginning on or after January 1, 2010; 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

Versions

1. LC 18 5933/a