Georgia Governor Signs Law Amending Intangible Recording Tax

The Georgia Governor signed a law amending the conditions for imposing an intangible recording tax on long-term notes secured by real estate. The law includes: 1) clarifying documentation requirements; and 2) extending the time period for defining “long-term notes” as a note with any part of the principal due more than 62 months from the date of the note or its execution. [H.B. 586, enacted 05/09/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.