Significant state tax legislation will move forward through the Georgia General Assembly. “Crossover Day” was Thursday, March 11 — the 28th legislative day of 40 total legislative days – the day by which all bills must have passed one legislative chamber in order to cross over and be considered by the other chamber. Bills that have not passed one chamber prior to crossover are generally dead for the year. Georgia’s Constitution requires that all revenue related bills originate in the House, so the vast majority of bills still alive for the year now go over to the Senate. However, after a brief session on Friday, March 12, the General Assembly has suspended its session until further notice. So it is unknown when the remaining 11 legislative days will occur, although the General Assembly is still constitutionally required to meet and pass a budget for the upcoming fiscal year.
Read the full legal alert here.