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Bill would extend exemption period for recording tax on security deeds from three to seven years
2577080 · March 6, 2025
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Summary
Sponsor said HB 586 would lengthen the current exemption on the intangibles recording tax for recorded security deeds from three years to seven years, allowing longer loans and greater interest-rate certainty for borrowers while limiting fiscal impact on local governments.
House Bill 586 proposes extending Georgia's exemption on the intangibles recording tax for recorded security deeds from three years to seven years.
The sponsor told the committee the current practice — often structured as 35-month loans renewed every three years to avoid the tax — creates paperwork and…
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