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Sen. John Albers Applauds Senate’s Passage of HB 808

Wednesday, March 27, 2024

On Tuesday, Mar. 26th, House Bill 808 garnered unanimous approval from members of the Georgia Senate. Carried in the Senate by Sen. John Albers (R–Roswell), the bill aims to alleviate tax burdens on small businesses in Georgia. Specifically, it seeks to reduce taxes on tangible personal property, items that have traditionally been subjected to annual taxation, posing financial strains on businesses across the state.

“Small businesses are the lifeblood of the Georgia economy,” said Sen. Albers. “I was so proud to work with NFIB and Rep. Cheokas to pass House Bill 808. This legislation lowers the tax burden, allowing our businesses to grow and thrive.”

Rep. Mike Cheokas (R–Americus), the bill’s sponsor, said, “This is a great day for business in Georgia. I want to thank Shaw Blackmon, chairman of the House Ways and Means Committee, for his continued support and guidance in getting this measure passed in the Georgia House of Representatives. I am equally grateful to the hard work of Sen. John Albers for navigating H.B. 808 through the Senate. This was a team effort. I hope this will be the first step in reducing the burden of high taxes and prohibitive regulations that adversely affect businesses in Georgia.”

The timing of the legislation is noteworthy, coinciding with record levels of inflation and government expenditure. Sen. Albers underscored the bill’s relevance in addressing the escalating costs associated with business ownership and operation, attributing these challenges to federal fiscal policies.

NFIB State Director Hunter Loggins released the following statement yesterday on HB 808.

“House Bill 808 raises the threshold for paying this onerous tax,” Loggins said. “Small businesses already pay sale taxes on equipment, desks, and other property. The tangible personal property tax means they’re paying taxes on the same items year after year. Raising the threshold for paying this tax would ease the financial pressure on employers struggling with inflation that continues to drive up the cost of owning and operating a small business.

With the bill awaiting Governor Brian P. Kemp’s signature, its journey is far from over. Given its implications for the State’s Constitution, the measure will undergo scrutiny from Georgia citizens in November, as it necessitates a constitutional amendment for enactment.

You can find more information on HB 808 here.

Quotes sourced from the National Federation of Independent Businesses.

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Sen. John Albers serves as Chairman of the Senate Committee on Public Safety. He represents the 56th Senate District which includes portions of Cherokee, Cobb and North Fulton counties. He may be reached at his office at 404.463.8055 or by email at [email protected]