Vote Smart's Synopsis:

Vote to amend and pass a bill that expands the sales tax exemption for manufactured homes in Georgia.

Highlights:

• Decreases the corporate tax rate to 4.99% (Sec. 2-2).

• Increases standard tax deduction amounts from $24,000 to $100,000 for married couples filing jointly and from $12,000 to $50,000 for single filers (Sec. 2-4).

• Prohibits tax credits received by low income housing projects from exceeding an amount equal to the federal housing tax credit for tax credit applications received prior to January 1, 2027 (Sec. 4-1).

• Repeals previous exemptions from sales and use taxes for machinery and equipment exclusively designed to reduce water and air pollution (Sec. 5-22).

• Repeals previous exemptions from sales and use taxes for data centers (Sec. 5-22).

• Specifies that this Act applies to taxable years beginning January 1, 2026 (6-1).

Full Bill Text