HB277: Income tax; compensation to a taxpayer for governmental condemnation of such taxpayer's real property shall not be subject to tax; provide

Legislative 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 that otherwise taxable income resulting from compensation to a taxpayer for the governmental condemnation of such taxpayer's real property shall not be subject to state income tax; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.