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May 6, 2024
The measure will let voters to decide on the threshold for paying the tangible personal property tax
Kemp Signs Bill Concerning 'Onerous' Business Tax
NFIB State Director Hunter Loggins released the following statement in response to Gov. Brian Kemp’s signing of House Bill 808, legislation allowing Georgia voters to decide whether to increase the threshold for paying Georgia’s tangible personal property tax:
“This can be a major victory for Georgia’s small businesses. The $7,500 threshold is outdated and needs to be adjusted for inflation at the very least.
“Moving the exemption threshold to $20,000 would lift Georgia from the bottom tier of states concerning how tangible personal property is calculated. It’s time for Georgia to amend this onerous tax.”
State:
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