HB1023: Income tax; match tax rate imposed on corporations to that imposed on individual taxpayers

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 relative to income taxes, so as to match the rate of the tax imposed on corporations to that imposed on individual taxpayers; to amend Chapter 13 of Title 48 of the Official Code of Georgia Annotated, relating to specific, business, and occupation taxes, so as to repeal the corporate net worth tax; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.