GA HB151 | 2025-2026 | Regular Session
Status
Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 28 2025 - 25% progression
Action: 2025-01-29 - House First Readers
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 28 2025 - 25% progression
Action: 2025-01-29 - House First Readers
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
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 a deduction from Georgia taxable income for casualty losses of timber in an amount based on the diminution of value; to provide for conditions and limitations; to provide for an aggregate cap; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
Title
Income tax; deduction for casualty losses of timber in an amount based on the diminution of value; provide
Sponsors
| Rep. Martin Momtahan [R] | Rep. Charles Cannon [R] | Rep. Leesa Hagan [R] | Rep. John Corbett [R] |
| Rep. Angie O'Steen [R] | Rep. Noel Williams [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-29 | House | House First Readers |
| 2025-01-28 | House | House Hopper |
Georgia State Sources
| Type | Source |
|---|---|
| Summary | https://www.legis.ga.gov/legislation/69588 |
| Text | https://www.legis.ga.gov/api/legislation/document/20252026/230495 |
