HB 1523 - Income tax; property donations for public parks; provide tax credit

Sponsored By

• (1) Dobbs,Elly 53rd

Committees

• HC:W&M
• SC:

Current Status

First Reader Summary

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition of income tax, rate, computation, and exemptions, so as to provide for a tax credit for donations of interests in real property for public parks and recreation; to provide legislative findings; to define certain terms; to provide for qualified donations; to provide for exceptions; to provide for tax credits; to provide for the use and transfer of credits; to provide for limitations; to provide for the determination of fair market value; to provide for application; to provide for related matters; to repeal conflicting laws; and for other purposes.

Status History

Versions

1. LC 21 0726/a