REVENUE AND TAXATION Income Taxes: Adjust the Treatment of Capital Gains, Job Tax Credits, and Gain or Loss from the Sale of Property

Authors

Trent B. Speckhals

Document Type

Peach Sheet

Abstract

HB 456 allows Georgia taxpayers to adjust their taxable net income with respect to capital gains in the same manner as is used in computing federal adjusted gross income. HB 1399 expands tax credits for newly created jobs to more counties for certain employers. HB 1739 brings Georgia tax law into conformity with federal tax law by allowing those who sell personal residence property in Georgia to avoid paying taxes on the gain or loss of that residential property as long as the person purchases another personal residence anywhere else in the United States within two years.

Recommended Citation

Trent B. Speckhals, REVENUE AND TAXATION Income Taxes: Adjust the Treatment of Capital Gains, Job Tax Credits, and Gain or Loss from the Sale of Property, 9 Ga. St. U. L. Rev. (1992).
Available at: https://readingroom.law.gsu.edu/gsulr/vol9/iss1/32