Georgia—Income Tax: IRC Conformity Bill Passes General Assembly
Georgia has enacted legislation that amends the definition of the Internal Revenue Code (IRC) for corporate and personal income tax purposes to include federal income tax laws enacted on or before January 3, 2013. In addition, for tax years beginning in 2010, 2011, 2012 and 2013, the IRC §179(b) expense deduction is $250,000 and the expense limitation is $800,000 for Georgia income tax purposes (rather... Read More