Georgia HB1261: Revenue and taxation; level 1 freeport exemptions for certain goods in inventory for electric utilities; provide

What the bill says

To amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemptions, so as to provide for level 1 freeport exemptions for certain goods in inventory for electric utilities; to provide for application for such exemptions; to provide for related matters; to repeal conflicting laws; and for other purposes.

From the introduced text:

A BILL TO BE ENTITLED To amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemptions, so as to provide for level 1 freeport exemptions for certain goods in inventory for electric utilities; to provide for application for such exemptions; to provide for related matters; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemptions, is amended by revising subsection (b) of Code Section 48-5-48.1, relating to level 1 freeport exemption, application, filing, and renewal, as follows: "(b) The application for the level 1 freeport exemption shall provide for: (1) A summary, as prescribed by the department, of the inventory of goods in the process of manufacture or production which shall include all partly finished goods and raw materials held for direct use or consumption in the ordinary course of the taxpayer's manufacturing or production business in the State of Georgia; (2) A summary, as prescribed by the department, of the inventory of finished goods manufactured or produced within the State of Georgia in the ordinary course of the H. B. 1261 LC 56 0550 taxpayer's …

Read the full official text

Sponsors

• Matt Brass (R, 6) · primary sponsor
• David Huddleston (R, 72) · primary sponsor
• Robert Dickey (R, 134)
• Hugh Williamson (R)
• Spencer Frye (D, 122)
• Cannon, Chas (R, 172)
• Brad Thomas (R, HD-021)

Latest actions

1. July 1, 2026: Effective Date
2. May 11, 2026: Act 483
3. May 11, 2026: House Date Signed by Governor
4. April 6, 2026: House Sent to Governor
5. March 20, 2026: Senate Passed/Adopted
6. March 20, 2026: Senate Third Read
7. March 20, 2026: Senate Engrossed
8. March 19, 2026: Senate Read Second Time
9. March 18, 2026: Senate Committee Favorably Reported
10. March 9, 2026: Senate Read and Referred

Votes

• Senate Vote #778 (March 20, 2026): 45 yea, 0 nay, passed
• Senate Vote #762 (March 20, 2026): 29 yea, 19 nay, passed
• House Vote #662 (March 6, 2026): 100 yea, 66 nay, passed

Common questions

What is HB1261?

HB1261 is a bill in the Georgia Legislature (2025-2026 Regular Session): Revenue and taxation; level 1 freeport exemptions for certain goods in inventory for electric utilities; provide.

What does HB1261 do?

In its own words: To amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemptions, so as to provide for level 1 freeport exemptions for certain goods in inventory for electric utilities; to provide for application for such exemptions; to provide for related matters; to repeal conflicting laws; and for other purposes.

What is the status of HB1261?

Signed into law as of May 11, 2026. Latest action: Effective Date (July 1, 2026).

Who sponsored HB1261?

Matt Brass (R, 6), with 6 co-sponsors.

Where is the official record for HB1261?

On the Georgia Legislature website: https://www.legis.ga.gov/legislation/73032