HB895: State income tax; net capital gain or losses derived from sales or exchange of precious metals; exclude

Legislative Summary

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, exemptions, and credits for state income tax, so as to exclude from taxation any net capital gains or losses derived from the sale or exchange of precious metals in the form of bullion or coins; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.