2015-2016 Regular Session - SB 280
Revenue and Taxation; provide revision of personal income tax rates
First Reader Summary
A BILL to be entitled an Act to amend Title 48 of the Official Code of Georgia Annotated, relating to revenue and taxation, so as to provide for the revision of personal income tax rates; to eliminate itemized adjustments to Georgia taxable net income except for limited mortgage deductions, charitable contributions, and medical expenses; to increase the personal exemption from state income tax; to repeal the corporate net worth tax; to provide that this Act shall not abate or affect prosecutions, punishments, penalties, administrative proceedings or remedies, or civil actions related to certain violations; to provide for a short title; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
Jan/22/2016 - Senate Read and Referred
Jan/21/2016 - Senate Hopper
1/22/2016 Committed to the Joint Committee on Revenue Structure in Senate