SB 56, Ad Valorem Taxation; State Revenue Commissioner

Municipal Impact
GMA Contact
Bill Sponsor

Sen. Chuck Hufstetler
District 52

Senate Bill 56, as a substitute offered by the House Rules Committee, encompasses multiple items. The bill allows for the state revenue commissioner to contract with the Board of Trustees of the Employee's Retirement System of Georgia for the administration of a deferred compensation plan offered as a state benefit for any eligible county tax commissioner.

The bill also brings the Georgia Code in line with the Federal Internal Revenue Code. Senate Bill 56 also amends the tax to 5.49% for nonresidents with respect to their Geogia taxable income on and after January 1, 2024. The bill amends the computation of state taxable net income, effective January 1, 2024, to include $24,000 standard deduction for a married couple filing jointly or $12,000 for a single taxpayer, head of household, or married taxpayers filing separately.

Senate Bill 56 also includes provisions from the original House Bill 170 regarding state and local sales taxes on digital downloads such as software, books, games, videos, etc. The tax does not apply to subscription services such as Netflix and/or internet access services. The tax shall apply to transactions occurring on or after January 1, 2024.

Last Updated: 3/29/2023
Subject Area: Finance and Money Management | Taxation |
Resources: bill text
5/2/2023 - Effective Date 5/2/2023 - Act 236 5/2/2023 - Date Signed by Governor


3/29/2023 Senate Vote #346 Yea - 49 Nay - 5 Not Voting - 1 Excused - 1
3/27/2023 House Vote #314 Yea - 168 Nay - 1 Not Voting - 3 Excused - 8
2/16/2023 Senate Vote #55 Yea - 49 Nay - 3 Not Voting - 0 Excused - 4

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