Plain English Breakdown
The exact effective date is listed as March 20, 2026, but the specific content of the incorporated federal provisions remains unspecified in the provided summary text.
HB1199: Updating Georgia Tax Law Definitions
This law changes how Georgia defines federal tax terms in state code to match current federal rules.
What This Bill Does
- Revises the definition of 'Internal Revenue Code' and 'Internal Revenue Code of 1986' in Georgia's official laws.
- Incorporates certain provisions of federal law into Georgia law through these revised definitions.
Terms To Know
- Internal Revenue Code
- A term in Georgia state law that is being updated to include certain provisions of federal tax law.
- Official Code of Georgia Annotated
- The collection of state laws where this bill amends Section 48-1-2 regarding revenue and taxation definitions.
Limits and Unknowns
- The official text does not list which specific federal tax provisions are being added.
- The summary does not explain how these changes will affect individual taxpayers or businesses directly.