GA HB1058 | 2021-2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: Passed on May 5 2022 - 100% progression
Action: 2022-05-05 - Effective Date 2022-05-05
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: Passed on May 5 2022 - 100% progression
Action: 2022-05-05 - Effective Date 2022-05-05
Text: Latest bill text (Enrolled) [PDF]
Summary
A BILL to be entitled an Act to amend Code Section 48-7-21, relating to income taxation of corporations, so as remove the requirement that affiliated corporations file separate income tax returns with this state unless the Department of Revenue has requested or preapproved the filing of consolidated returns; to authorize Georgia affiliated groups to elect to file separate or consolidated income tax returns; to provide for the effect of such elections; to provide for tax liability, allocation, and apportionment; to make such election irrevocable for five years; to authorize affiliated groups that have filed consolidated returns to continue under the current law; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
Title
Income tax; affiliated corporations file separate or consolidated returns; provisions
Sponsors
Rep. Bruce Williamson [R] | Rep. Marcus Wiedower [R] | Rep. David Knight [R] | Rep. David Wilkerson [D] |
Rep. James Hatchett [R] | Rep. Kasey Carpenter [R] | Sen. Billy Hickman [R] |
Roll Calls
2022-04-04 - Senate - Passage: Senate Vote #848 (Y: 51 N: 0 NV: 2 Abs: 3) [PASS]
2022-04-01 - Senate - Motion To Engross: Hb 1421, Hb 1291, Hb 1437, Hb 428, Hb 923, Hb 1039, Hb 1058, Hb 1280, Hr 594, Hr 732, Hr 842: Senate Vote #776 (Y: 33 N: 19 NV: 4 Abs: 0) [PASS]
2022-03-03 - House - Passage: House Vote #593 (Y: 163 N: 0 NV: 7 Abs: 9) [PASS]
2022-04-01 - Senate - Motion To Engross: Hb 1421, Hb 1291, Hb 1437, Hb 428, Hb 923, Hb 1039, Hb 1058, Hb 1280, Hr 594, Hr 732, Hr 842: Senate Vote #776 (Y: 33 N: 19 NV: 4 Abs: 0) [PASS]
2022-03-03 - House - Passage: House Vote #593 (Y: 163 N: 0 NV: 7 Abs: 9) [PASS]
History
Date | Chamber | Action |
---|---|---|
2022-05-05 | Effective Date 2022-05-05 | |
2022-05-05 | Act 824 | |
2022-05-05 | House | House Date Signed by Governor |
2022-04-06 | House | House Sent to Governor |
2022-04-04 | Senate | Senate Passed/Adopted |
2022-04-04 | Senate | Senate Third Read |
2022-04-04 | Senate | Senate Taken from Table |
2022-04-01 | Senate | Senate Tabled |
2022-04-01 | Senate | Senate Engrossed |
2022-03-28 | Senate | Senate Read Second Time |
2022-03-25 | Senate | Senate Committee Favorably Reported |
2022-03-04 | Senate | Senate Read and Referred |
2022-03-03 | House | House Passed/Adopted By Substitute |
2022-03-03 | House | House Third Readers |
2022-02-24 | House | House Committee Favorably Reported By Substitute |
2022-02-01 | House | House Second Readers |
2022-01-27 | House | House First Readers |
2022-01-26 | House | House Hopper |