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March 20, 2024 Last Edit: July 22, 2024
NFIB has long fought to reduce or eliminate Georgia's tax tangible personal property.
The state Senate could vote as early as Thursday on House Bill 808, legislation raising the exemption threshold of Georgia’s tangible personal property tax from $7,500 to $20,000. The measure needs the support of two-thirds of the Senate to pass.
NFIB State Director Hunter Loggins said the onerous tax applies to everyday items such as machinery, equipment, and furniture used in your business.
“Small business owners already pay sale taxes on equipment, desks, and other property,” Loggins said. “The tangible personal property tax means they’re paying taxes on the same items year after year after year. That’s not fair.”
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