Tax exemption extended for computer equipment purchases in Georgia
GEORGIA – HB 1291 extends the sales tax exemption for purchases of computer equipment by high technology companies.
Instead of ending on June 30, 2023, the bill would make the new end date Dec. 31, 2028.
However, other changes would also come along with the extension. Example: Starting in 2024, the first 10% of a company’s first $15 million of qualified tech purchases would be subject to tax.
- Share on
Free Training & Resources
White Papers
Provided by Anaplan
White Papers
Provided by UJET
Further Reading
The provision in the 2017 Tax Cuts & Jobs Act calling for a one-time tax on foreign investments survived an appeal to the Supreme Court...
The IRS is about to put all of the the funding, personnel and technology advantages it now enjoys to use. Count on an upswing in audits of ...
The worst of the COVID-19 shutdown measures and George Floyd riots peaked less than three years ago. But the effects continue to rattle sta...
The U.S. Supreme Court (SCOTUS) handed down enough precedent-breaking decisions this spring to make anyone’s head spin. The upshot: B...
Who says Democrats and Republicans can’t agree? A few weeks back, Donald Trump advocated for eliminating taxes on tips of workers in ...
President Biden is calling for wealthy Americans and corporations to pay more in taxes. The president outlined a number of changes he belie...
