Skip to content

Senate Weighs Bill to Eliminate Onerous Business Tax

Senate Weighs Bill to Eliminate Onerous Business Tax

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.”

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

December 3, 2024
NFIB Highlights Top Small Business Priorities as 2025 Nears
NFIB highlights top legislative priorities for the next two months. Congres…
Read More
December 2, 2024
State of Minnesota Offers Free Sales Tax Webinars in December
In December, the Minnesota Department of Revenue (MDOR) is offering two no-…
Read More
December 2, 2024
NFIB Virtual Event: New Mexico Legislative Preview
The New Mexico Legislature will convene on January 21, 2025, where among ot…
Read More
December 2, 2024
Wisconsin Tax Burden Hits Historic Low
According to a recent report by the Wisconsin Policy Forum, the state and l…
Read More

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility