HB 151

  • Georgia House Bill
  • 2025-2026 Regular Session
  • Introduced in House Jan 28, 2025
  • House
  • Senate
  • Governor

Income tax; deduction for casualty losses of timber in an amount based on the diminution of value; provide

Abstract

A BILL to be entitled an Act to amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to provide for a deduction from Georgia taxable income for casualty losses of timber in an amount based on the diminution of value; to provide for conditions and limitations; to provide for an aggregate cap; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

Bill Sponsors (6)

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Jan 30, 2025

House

House Second Readers

Jan 29, 2025

House

House First Readers

Jan 28, 2025

House

House Hopper

Bill Text

Bill Text Versions Format
LC 50 1013/a PDF

Related Documents

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