Conformity Bill/House Bill 1162 Headed to Governor’s Desk for Signing

 

HB 1162 amends Title 48 of the Official Code of Georgia, relating to revenue and taxation, to revise the terms "Internal Revenue Code" and "Internal Revenue Code of 1986" and thereby incorporate certain provisions of the federal law into Georgia law. This year's House Bill impacts the 2023 tax year and fully conforms to any of the changes made federally, the only changes made were four date changes to update Georgia’s tax statute. HB 1162 has passed through both the Georgia House and Senate with unanimous approval. Next, HB 1162 will head to the Governor's Desk for signing. GSCPA is working for you!

You can view a copy of the actual bill here: Georgia General Assembly - HB 1162 (ga.gov)