25 LC 59 0096
House Bill 616
By: Representatives Romman of the 97
th
, Frye of the 122
nd
, Holly of the 116
th
, and Berry of
the 56
th
A BILL TO BE ENTITLED
AN ACT
To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to
1
income taxes, so as to revise a deduction related to depreciation for single-family residential2
rental property; to provide for related matters; to provide for an effective date and3
applicability; to repeal conflicting laws; and for other purposes.4
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:5
SECTION 1.6
Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes,7
is amended by revising paragraph (14) of subsection (b) of Code Section 48-7-21, relating8
to taxation of corporations, as follows:9
"(14)(A)
There shall be subtracted from taxable income the deduction provided and10
allowed by Section 179 of the Internal Revenue Code of 1986 as enacted on or before11
January 1, 2005, to the extent the deduction has not been included in the corporation's12
taxable income, as defined under the Internal Revenue Code of 1986; provided,13
however, that for taxable years beginning on or after January 1, 2026, the provisions14
of this subparagraph shall not be applicable for single-family residential rental property.15
H. B. 616
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(B) For taxable years beginning on or after January 1, 2026, to the extent any amount16
was taken by a corporation as a deduction allowed by Section 179 of the Internal17
Revenue Code in connection with any single-family residential rental property, such18
amount shall be added to the taxable income of the corporation."19
SECTION 2.20
Said chapter is further amended by revising paragraph (15) of subsection (a) of Code Section21
48-7-27, relating to computation of taxable income, as follows:22
"(15)(A) The deduction provided and allowed by Section 179 of the Internal Revenue23
Code of 1986 as enacted on or before January 1, 2005, to the extent the deduction has24
not been included in federal adjusted gross income, as defined under the Internal25
Revenue Code of 1986, and the expenses have not been included in itemized26
nonbusiness deductions; provided, however, that for taxable years beginning on or after27
January 1, 2026, the provisions of this subparagraph shall not be applicable for28
single-family residential rental property.29
(B) For taxable years beginning on or after January 1, 2026, to the extent any amount30
was taken by a corporation as a deduction allowed by Section 179 of the Internal31
Revenue Code in connection with any single-family residential rental property, such32
amount shall be added to the taxable income of the corporation."33
SECTION 3.34
This Act shall become effective on January 1, 2026, and shall be applicable to all taxable35
years beginning on or after such date.36
SECTION 4.37
All laws and parts of laws in conflict with this Act are repealed.38
H. B. 616
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