New Georgia Tax Legislation Changes | Bennett Thrasher Skip to main content
Georgia has just enacted major income tax changes in response to the federal Tax Cuts and Job Act of 2017 (“TCJA”). Governor Nathan Deal signed the legislation into law on March 2, 2018.
The new Georgia tax rules include:
  • Reducing the top individual and corporate income tax rates;
  • Doubling the standard deductions for individuals;
  • Updating the Internal Revenue Code (“IRC”) conformity rules, with important exceptions;
  • Adopting federal laws relating to net operating losses (“NOLs”); and
  • Revising successor and assignment rules for certain Georgia income tax credits.

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For more information on new tax legislation in Georgia or for any tax-related concerns, please contact your BT Tax Advisor by calling 770.396.2200.