Bill > HB141

This bill amends two sections of the Georgia Code related to occupation taxes to allow businesses and practitioners to provide affidavits from certified public accountants (CPAs) instead of traditional tax returns when reporting financial information to local governments. Specifically, the bill adds a provision that enables businesses and practitioners to elect to submit CPA-certified affidavits as an alternative method of documenting their financial information for the purpose of determining occupation tax liability. This change applies to situations where businesses need to report financial details, such as when they have locations or offices in multiple jurisdictions and must allocate gross receipts. The bill aims to provide businesses with more flexibility in how they report financial information to local tax authorities, potentially reducing the administrative burden of preparing and submitting detailed tax returns. By allowing CPA affidavits as a substitute for tax returns, the bill offers a potentially more streamlined approach to financial reporting for occupation tax purposes.

Budget and Finance

https://www.legis.ga.gov/legislation/69563