Income tax; unrelated business income of certain exempt organizations; provisions

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, computation of, and exemptions from income taxes, so as to exclude from the calculation of unrelated business income of certain exempt organizations any amount included in federal unrelated business income due to the application of Section 512(a)(6) and Section 512(a)(7) of the United States Internal Revenue Code; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.