Bill > HB279

This bill amends the Georgia Code's definition of "business" for sales and use tax purposes, specifically updating the existing definition in Code Section 48-8-2. The revised definition expands the concept of a business to include any activity undertaken by a person with the intention of obtaining a direct or indirect gain, benefit, or advantage. This broad definition potentially encompasses a wide range of economic activities and could impact how businesses are classified and taxed under Georgia's sales and use tax laws. The bill will become effective immediately upon receiving the Governor's approval or becoming law without approval, and it automatically repeals any existing laws that contradict its provisions. While the bill appears relatively straightforward, it could have significant implications for how businesses are defined and taxed in Georgia by providing a more comprehensive and flexible interpretation of what constitutes a business activity.

Budget and Finance

https://www.legis.ga.gov/legislation/69946