HB503: Income tax; certain contributions by taxpayers to certain local firefighter foundations; provide tax credit
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 for tax credits for certain contributions made by taxpayers to certain local firefighter foundations; to provide for an aggregate annual limit; to provide for terms and conditions; to provide for applications and certifications; to provide for the revocation of qualified status; to provide for certain penalties; to provide for annual reporting requirements; to provide for rules and regulations; to provide for construction; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
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Bill History
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