Georgia s 2024 legislative session: Major tax legislation moving forward | Eversheds Sutherland (US) LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Georgia’s 2022 legislative session included a number of consequential tax bills. Our State & Local Tax Group highlights key takeaways. What passed: rate cuts and elective consolidation..
During the 2022 legislative session, the Georgia General Assembly passed significant tax legislation, including authorizing affiliated groups to file consolidated corporate income tax.
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Effective April 29, 2021, Georgia courts and the Georgia Tax Tribunal are prohibited from granting any deference to the Georgia Department of Revenue’s interpretation of the tax law, unless that interpretation has been formally adopted as a rule under the Georgia Administrative Procedure Act (“APA”). S.B. 185, 2021 Leg., Reg. Sess. (Ga. 2021).
Taxpayers in Georgia (and in other states with similar practices) should be aware that they are now on equal footing with the taxing authority, and that the taxpayer’s interpretation of an ambiguous statute will be accorded the same weight as the taxing authority’s interpretation. Administrative agencies will have to promulgate formal rules in Georgia to be granted any judicial deference and will otherwise be held to the same standard to which taxpayers have always been held in advancing their construction of the tax law. Taxpayers, on the other hand, may find more success
Floor Action
The House took up the following measure today:
SB 5 - Professions and Businesses; patient protection measures for patients undergoing sedation in certain settings; provide- Representative Lee Hawkins (R-Gainesville) presented the legislation, addressing in particular “medispas.” Dentists, which do conscious sedation, are now required to have certain equipment. It does not prohibit a person who is duly licensed as a physician assistant in Georgia, who has completed an anesthesiologist assistant program approved by the Georgia Composite Medical Board from administering conscious sedation nor deem such physician assistant to be engaged in the unlawful practice of dentistry, pursuant to their job description as approved by the Georgia Composite Medical Board, provided that such sedation is administered under the direction and responsibility of an anesthesiologist. The legislation also The bill passed by Substitute with a vote of 160-5; it now requires the Senate to agr