Gov. Brian Kemp has signed House Bill 149, legislation that will ease the tax burden on many small businesses. NFIB State Director Nathan Humphrey and Leadership Council member John Sambdman, owner of Sampson Tours, attended the bill signing.
HB 149, introduced by Rep. Bruce Williamson and carried in the Senate by Sen. Chuck Hufstetler, amends the Georgia tax code to provide S corporations and partnerships an election to pay their Georgia state business income taxes at the entity level, thereby restoring the full federal tax deduction for Georgia business income taxes.
“This was one of our top priorities in this year’s session of the General Assembly,” Humphrey said. “On behalf of our members, I want to thank Representative Williamson and Senator Hufstetler for their work in shepherding this bill through the legislature, and I want to thank Governor Kemp for supporting Georgia’s job creators by signing it into law.”