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Georgia General Assembly > Legislation
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2007-2008 Regular Session - HB 1264
Better Economy Through Tax Equity Reform (BETTER) Plan Act; enact
Sponsored By
HC: Ways & MeansSC:
First Reader Summary
A BILL to be entitled an Act to amend Title 48 and 36 of the Official Code of Georgia Annotated, relating respectively to revenue and taxation and local government, so as to provide for comprehensive tax reform; to provide for a short title; to provide for additional requirements with respect to certain annual reports; to provide for an ad valorem tax exemption for all tangible personal property constituting the inventory of a business; to revise and change individual income tax rates and tables; to provide for annual adjustments with respect to certain standard deductions; to provide for an income tax credit with respect to ad valorem tax expenses; to define a term; to provide for conditions and limitations; to change the definition of a retail sale with respect to sales and use taxes to include certain consumer services; to provide for related matters; to repeal conflicting laws; and for other purposes.
Status History
Feb/21/2008 - House Second Readers
Feb/20/2008 - House First Readers
Feb/19/2008 - House Hopper