Bill > HB439

This bill amends Georgia's tax code to modify the deduction allowed to dealers when reporting and paying sales and use taxes. Under the current law, dealers can deduct 3% of the first $3,000 of taxes reported and one-half of 1% on amounts exceeding $3,000. The bill increases these thresholds, changing the deduction to apply to the first $10,000 of taxes reported, with 3% deductible on the first $10,000 and one-half of 1% on amounts exceeding $10,000. The bill maintains the existing 3% deduction for sales and use taxes on motor fuel. These deductions are only allowed if the tax return is filed on time and the amount due is not delinquent. The changes will take effect on January 1, 2026, and the bill repeals any conflicting laws. This modification appears to provide dealers with a more generous tax reporting deduction, potentially offering them slightly more financial relief when submitting their tax returns.

Budget and Finance, Business and Industry

https://www.legis.ga.gov/legislation/70298