State Rep. Marvin Lim has put forward a new bill in the Georgia House to amend income tax rules and redefine small business eligibility for deductions, according to the Georgia State House.
Designated HB1472, the bill was introduced on Thursday, Feb. 26 during the 2026 session of the 158th General Assembly. It is officially titled: ’Income tax; term “small business”; revise definition’.
Based on the actual bill text, here is our summary, which may use interpretation to clarify its elements.
The proposal updates Georgia’s income tax law by setting a new definition for “small business” in relation to deductions available for payments to certain subcontractors involved in state contracts. Under the new terms, a small business would be independently owned and operated, with no more than 300 employees or not exceeding $30 million in gross receipts each year. The bill preserves the 10% state income tax deduction for payments to certified small-business subcontractors owned by minorities, women, or veterans, up to a $100,000 annual limit. The new standard takes effect July 1, 2026, applying to tax years starting Jan. 1, 2027 or later.
Since this session began, Lim has introduced 16 additional bills.
Lim earned a BA from Emory University in 2005 and received his JD from Yale University in 2013.
Lim, a Democrat, won election to the Georgia State House in 2023, representing the 98th House District after taking over from David Clark.
In Georgia, the legislative process starts when a legislator, sometimes prompted by a constituent, collaborates with the Office of Legislative Counsel to write a bill. The bill is then filed with the House Clerk or Senate Secretary, read for the first time, and sent to committee, where much of the in-depth review occurs. If it passes committee, the measure proceeds to the floor for another reading, debate, and a vote. A bill becomes law after passing both legislative chambers, with a conference committee sometimes reconciling differences. It then goes to the governor, who has six days during session—or 40 days after adjournment (Sine Die)—to sign, veto, or allow the bill to become law without a signature. The General Assembly meets yearly for a 40-day session starting the second Monday in January.
| Bill Number | Date Introduced | Short Description |
|---|---|---|
| HB1457 | 02/25/2026 | Ad valorem tax; preferential assessment of affordable home use property; provide |
| HB1456 | 02/25/2026 | Crimes and offenses; protective orders or consent agreements for victims against persons who have committed acts of sexual assault; provide |
| HB1314 | 02/12/2026 | Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency |
| HB1161 | 02/02/2026 | Motor vehicles; proper operation upon approach by an authorized emergency vehicle or by a law enforcement vehicle for purposes of a traffic stop; provide |
| HB1053 | 01/27/2026 | Law enforcement officers and agencies; local law enforcement involvement with immigration and cooperation with federal authorities; repeal provisions |
| HB1010 | 01/16/2026 | Commerce and trade; annual reports of the value of securities sold or offered to be sold; provide |
| HB673 | 02/27/2025 | Criminal procedure; limitations on bars to first offender treatment for certain minor offenders adjudicated as adults; provide |
| HB642 | 02/26/2025 | Georgia Dye Free School Meals Act; enact |
| HB641 | 02/26/2025 | Public utilities; require electric supplier to hold the proposed discontinuation of electrical service to a residential customer who suffers from a serious illness in abeyance for a certain period of time |
| HB607 | 02/24/2025 | Public Health, Department of; two-year pilot program for home visiting in homes of children with asthma; provisions |
| HB606 | 02/24/2025 | FAIR Plan Stabilization Act; enact |
| HB605 | 02/24/2025 | Public Health, Department of; continue operation of Georgia Tobacco Quit Line, subject to appropriations of funds; require |
| HB437 | 02/12/2025 | State Board of Education; establish rules and regulations for local school system outreach efforts regarding ESOL program; require |
| HB190 | 01/29/2025 | Property; prohibit condominium and property owners’ associations from retaliating against property owners for taking certain actions |
| HB189 | 01/29/2025 | Notaries public; limitations regarding certain notarial acts; provide |
| HB188 | 01/29/2025 | Criminal procedure; extend certain protections for victims of family violence and stalking with respect to residential leases |
Information in this article was obtained from the Georgia State House. The source data can be found here.
