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GA HB1038
GA HB1038Income tax; limit eligibility for rural physician tax credit to physicians who qualify on or before December 31, 2022
summary
Introduced
01/26/2022
01/26/2022
In Committee
Crossed Over
Passed
Dead
04/04/2022
04/04/2022
Introduced Session
2021-2022 Regular Session
Bill Summary
AN ACT To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, computation, exemptions, and credits relative to state income taxes, so as to limit eligibility for the rural physician tax credit to persons qualifying as a rural physician on or before December 31, 2022; to provide for automatic repeal; to create a new tax credit for rural physicians, dentists, nurse practitioners, and physician assistants; to provide for conditions and limitations; to provide for an aggregate cap; to provide definitions; to provide for promulgation of rules and regulations; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
AI Summary
This bill amends Georgia's state income tax laws to limit eligibility for the existing rural physician tax credit to those who qualify on or before December 31, 2022. It also creates a new tax credit for rural healthcare professionals, including dentists, nurse practitioners, physicians, and physician assistants, with some conditions and limitations. The bill sets an aggregate cap of $5 million per calendar year on the new tax credit and requires the state tax commissioner to promulgate rules and regulations to implement and administer both tax credits. The bill takes effect on January 1, 2023 and applies to taxable years beginning on or after that date.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
House Ways & Means Tax Revision Subcommittee (14:30 2/23/2022 403 CAP HYBRID) (on 02/23/2022)
bill text
bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| BillText | https://www.legis.ga.gov/api/legislation/document/20212022/204054 | 01/27/2022 |
| Bill | https://www.legis.ga.gov/legislation/61389 | 01/27/2022 |
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