Fair Taxation Act of 2014

BILL TO BE ENTITLED

AN ACT

To amend Title 48 of the Official Code of Georgia Annotated, relating to revenue and

taxation, so as to provide for a short title; to abolish the state income tax; to increase the rate

of tax on the retail purchase, retail sale, rental, storage, use, or consumption of certain

tangible property and on certain services; to provide for other matters relative to the

foregoing; to provide for an effective date; to provide for applicability; to repeal conflicting

laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION1.

This Act shall be known and may be cited as the “Fair Taxation Act of 2014.”

SECTION2.

Title 48 of the Official Code of Georgia Annotated, relating to revenue and taxation, is

amended by repealing Chapter 7, relating to income taxes, and enacting a new Chapter 7 to

read as follows:

“CHAPTER 7

48-7-1,

On and after January 1, 2015, there shall be no income taxes whatsoever levied or collected

by the state or any political subdivision thereof, and no income tax returns shall be

required.”

SECTION 3.

Said title is further amended by revising Code Section 48-8-30, relating to the rate and

Imposition of the state sales and use tax, as follows:

Read the full version here: http://www.legis.ga.gov/Legislation/en-US/display/20132014/HB/688