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HB 151

Georgia House bill in Session 1033.

Status: in_committee. Latest action: January 30, 2025.

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

Bill ID GA-1033-HB-151
Session 1033
Status in_committee
Committee Ways & Means
House in_committee 2025-01-30
Tax / Budget / Appropriations
Summary

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.

Sponsor
Momtahan, Martin
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-28 Introduced Bill introduced
2025-01-30 Status in_committee
2025-01-30 Latest Action House Second Readers
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