The Georgia General Assembly passed significant tax legislation impacting selected industries, but failed to pass a number of broader tax bills:
- Passed legislation impacts telecommunications, film production and music production companies and causes the review of all income and sales and use tax exemptions.
- Stalled legislation included the reduction of the individual income tax rate, remote sales tax collection, taxation of transportation companies, and the treatment of refunds for direct payment permit holders.
Taxpayers should expect any stalled legislation to be re-introduced in the next legislative session.