Georgia HB1070: Income tax; increase and extend a credit for expenditures on maintenance of railroad track owned or leased by Class III railroads

What the bill says

To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, so as to increase and extend an income tax credit for expenditures on the maintenance of railroad track owned or leased by Class III railroads; to provide for related matters; to repeal conflicting laws; and for other purposes.

From the introduced text:

A BILL TO BE ENTITLED To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, so as to increase and extend an income tax credit for expenditures on the maintenance of railroad track owned or leased by Class III railroads; to provide for related matters; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, is amended by revising Code Section 48-7-40.34, relating to tax credit for Class III railroads and reporting, as follows: "48-7-40.34. (a) As used in this Code section, the term: (1) 'Class III railroad' means a rail carrier classified as a Class III railroad by the United States Surface Transportation Board in accordance with Section 1-1 of 49 C.F.R. 1201, as it existed on January 1, 2018. H. B. 1070 HB 1070/AP (2) 'Qualified railroad track maintenance expenditures' means gross expenditures for maintaining railroad track, including roadbed, bridges, and related track structures, owned or leased as of January 1, 2018, by a Class III railroad. Such term shall not include expenditures used to qualify for …

Read the full official text

Sponsors

• Steve Gooch (R, 51) · primary sponsor
• Leesa Hagan (R, 156) · primary sponsor
• Rick Jasperse (R, 11)
• Steve Tarvin (R, 2)
• Gerald Greene (R, 154)
• Brent Cox (R, 28)

Latest actions

1. May 12, 2026: Veto V4
2. May 12, 2026: House Date Signed by Governor
3. April 7, 2026: House Sent to Governor
4. March 31, 2026: House Agreed Senate Amend or Sub
5. March 27, 2026: Senate Passed/Adopted By Substitute
6. March 27, 2026: Senate Third Read
7. March 27, 2026: Senate Taken from Table
8. March 27, 2026: Senate Tabled
9. March 27, 2026: Senate Engrossed
10. March 20, 2026: Senate Read Second Time

Votes

• House Vote #810 (March 31, 2026): 139 yea, 26 nay, passed
• Senate Vote #868 (March 27, 2026): 44 yea, 3 nay, passed
• House Vote #564 (February 25, 2026): 167 yea, 2 nay, passed

Common questions

What is HB1070?

HB1070 is a bill in the Georgia Legislature (2025-2026 Regular Session): Income tax; increase and extend a credit for expenditures on maintenance of railroad track owned or leased by Class III railroads.

What does HB1070 do?

In its own words: To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, so as to increase and extend an income tax credit for expenditures on the maintenance of railroad track owned or leased by Class III railroads; to provide for related matters; to repeal conflicting laws; and for other purposes.

What is the status of HB1070?

Signed into law as of May 12, 2026. Latest action: Veto V4 (May 12, 2026).

Who sponsored HB1070?

Steve Gooch (R, 51), with 5 co-sponsors.

Where is the official record for HB1070?

On the Georgia Legislature website: https://www.legis.ga.gov/legislation/72521