Georgia Concrete Companies Receive New Tax Breaks
Two months ago, the Georgia legislature approved several bills offering tax breaks and incentives to concrete businesses around the state. In particular, House Bill 247 adds concrete mixing businesses to Georgia’s sales tax exemption for manufacturers.
While this is good news for the state’s concrete companies, claiming these sales tax exemptions might be complicated. Eligible businesses could miss out on many of the available tax breaks by failing to submit the proper paperwork. If paperwork is submitted, the forms could be inaccurate, causing lost opportunities for additional tax savings and increased audit exposure.
If you have a concrete business in Georgia that needs assistance navigating the state’s new sales tax exemptions, Cherry Bekaert’s State & Local Tax (“SALT”) professionals are ready to help. Contact a member of our SALT team today.