Bill > HB1046

This bill, concerning corporations, partnerships, and associations in Georgia, fundamentally alters their powers by restricting them solely to those expressly granted by the General Assembly, moving away from the previous broad authority to conduct any lawful business. It specifically prohibits these entities, including business corporations, nonprofit corporations, partnerships, limited partnerships, and limited liability companies, from engaging in "ballot issue activity" (spending to support or oppose ballot questions) and "election activity" (spending to support or oppose candidates or political parties), with an exception for bona fide news reporting. Violations of these new restrictions are considered void and can lead to civil actions for injunctive relief or, in the case of corporations, revocation of their charter, with enforcement actions possible by the Attorney General.