Bill > HB276

This bill modifies the definition of "corporation" in Georgia's income tax law by broadening the existing definition to explicitly include all associations, professional associations organized under Chapter 10 of Title 14, and insurance companies. The change expands the types of business entities that are considered corporations for tax purposes, potentially capturing a wider range of organizations within the state's income tax framework. The bill will become effective either upon the Governor's approval or automatically if it becomes law without explicit approval, and it includes a standard clause repealing any laws that conflict with its provisions. While the modification appears relatively narrow, it could have implications for how different types of business entities are taxed in Georgia, potentially clarifying or expanding the state's tax code's scope of application.

Budget and Finance

https://www.legis.ga.gov/legislation/69943