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GA SB344

GA SB344
Sales and Use Taxes; firearms, ammunition, gun safes, and related accessories during an 11 day period each year; exempt


summary

Introduced
01/10/2024
In Committee
03/20/2024
Crossed Over
02/06/2024
Passed
04/04/2024
Dead
Signed/Enacted/Adopted
05/06/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT To amend Code Section 48-7-21 of the Official Code of Georgia Annotated, relating to taxation of corporations, so as to exclude from taxable income certain grants for broadband investments; 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 the Georgia tax code to exclude from taxable income any grants or subgrants received by corporations for the purpose of investing in broadband infrastructure. The exclusion applies to grants received through the Broadband Equity, Access, and Deployment Program or the American Rescue Plan Act, and it is effective for taxable years beginning on or after January 1, 2024, and prior to January 1, 2029.

Committee Categories

Budget and Finance

Sponsors (22)

Last Action

Act 610 (on 05/06/2024)

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