HB 1058

  • Georgia House Bill
  • 2021-2022 Regular Session
  • Introduced in House
  • Passed House Mar 03, 2022
  • Passed Senate Apr 01, 2022
  • Signed by Governor May 05, 2022

Income tax; affiliated corporations file separate or consolidated returns; provisions

Abstract

A BILL to be entitled an Act to amend Code Section 48-7-21, relating to income taxation of corporations, so as remove the requirement that affiliated corporations file separate income tax returns with this state unless the Department of Revenue has requested or preapproved the filing of consolidated returns; to authorize Georgia affiliated groups to elect to file separate or consolidated income tax returns; to provide for the effect of such elections; to provide for tax liability, allocation, and apportionment; to make such election irrevocable for five years; to authorize affiliated groups that have filed consolidated returns to continue under the current law; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

Bill Sponsors (6)

Votes


Actions


May 05, 2022

House

House Date Signed by Governor

Georgia General Assembly

Effective Date

Senate

Act 824

Apr 06, 2022

House

House Sent to Governor

Apr 04, 2022

Senate

Senate Taken from Table

Senate

Senate Passed/Adopted

Senate

Senate Third Read

Apr 01, 2022

Senate

Senate Engrossed

Senate

Senate Tabled

Mar 28, 2022

Senate

Senate Read Second Time

Mar 25, 2022

Senate

Senate Committee Favorably Reported

  • Committee-Passage-Favorable
Finance

Mar 04, 2022

Senate

Senate Read and Referred

  • Referral-Committee
Finance

Mar 03, 2022

House

House Passed/Adopted By Substitute

House

House Third Readers

Feb 24, 2022

House

House Committee Favorably Reported By Substitute

  • Committee-Passage-Favorable
Ways & Means

Feb 01, 2022

House

House Second Readers

Jan 27, 2022

House

House First Readers

Jan 26, 2022

House

House Hopper

Bill Text

Bill Text Versions Format
HB 1058/AP* PDF
LC 50 0350ERS/hcs PDF
LC 50 0350ERS/hs PDF
LC 50 0238ER/a PDF

Related Documents

Document Format
No related documents.

Sources

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