HB447 - Taxation; real estate investment trusts; dividends; clarify state conformity
HB447 - Taxation; real estate investment trusts; dividends; clarify state conformity
Sponsored by: O`Neal,Larry 146th
A 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 clarify state conformity with the federal treatment of dividends received from real estate investment trusts and regulated investment companies; to provide for an addition to federal taxable income for any amount deducted to the extent it is attributable to a dividend received directly or indirectly from a real estate investment trust or a regulated investment company; to provide an effective date; to provide for applicability; to repeal conflicting laws; and for other purposes.