Georgia HB165 repeals an income tax credit for business enterprises leasing motor vehicles and modifies sales and use tax exemptions.
Georgia HB165 repeals the income tax credit for business enterprises that lease motor vehicles. It also removes sales and use tax exemptions for certain machinery and equipment used to improve air quality in clean rooms and for admissions to view film or videotapes. Additionally, the bill exempts from sales and use taxation property used in the construction, renovation, and rehabilitation of affordable housing by nonprofit organizations. The changes are set to take effect on December 31, 2029.
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