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HB 0425 - Sales and use tax; deduction of bad debts; change provisions

Tracking Level: Monitor
Sponsor: Mills,James 25th
Last Action: 2/18/2009 - House Second Readers
House Committee: W&M
Assigned To:
Finance - TaxationNext Bill

Staff Analysis of the Legislation

SUMMARY:

            This bill would amend Code Section 48-8-45 of the O.C.G.A. to change provisions to authorize refunds from state revenues in addition to deductions on income taxes (already allowed) regarding credit card bad debts resulting from purchases of goods or services.

 

NOTE:

            This is another of many bills in the legislature that would result in chipping away at state revenues already in crisis.


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text