All Roll Calls
Yes: 417 • No: 26
GeorgiaHB 5862025-2026 Regular SessionHouseWALLET
Revenue and taxation; intangible recording tax; revise notes
Sponsored By: Shaw Blackmon (Republican), James Burchett (Republican), Chuck Efstration (Republican), Matt Hatchett (Republican), Noel Williams (Republican), Bruce Williamson (Republican)
Became Law
Ways & MeansFinanceGeneral Bill
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Upfront tax when sellers keep title
If a seller keeps title as security and any payment is due after 62 months, the seller must record the instrument in the county before giving the bond for title. The seller must pay Georgia’s intangible recording tax at recording. The bond for title must show the unpaid price and when it matures.
New 62-month rule for real estate loans
A real estate loan now counts as long-term only if any principal comes due more than 62 months after the note or security paper is signed. For loans due within 62 months, the security document can say it is due within that time instead of listing one date. This changes which loans fall under Georgia’s intangible recording tax rules and removes one old definition paragraph.
Sponsors & Cosponsors
Sponsors
Shaw Blackmon
Republican • House
James Burchett
Republican • House
Chuck Efstration
Republican • House
Matt Hatchett
Republican • House
Noel Williams
Republican • House
Bruce Williamson
Republican • House
Cosponsors
Mike Hodges
Republican • Senate
Roll Call Votes
House vote • 4/4/2025
Agree to Senate Substitute
Yes: 161 • No: 0
Senate vote • 4/2/2025
PASSAGE BY SUBSTITUTE
Yes: 55 • No: 1
Senate vote • 4/2/2025
MOTION TO ENGROSS: SB 214, HB 66, HB 79, HB 129, HB 134, HB 141, HB 370, HB 397, HB 445, HB 463, HB 532, HB 586, HB 652
Yes: 31 • No: 24
House vote • 3/6/2025
PASSAGE
Yes: 170 • No: 1
Actions Timeline
Effective Date
7/1/2025House Date Signed by Governor
5/9/2025HouseAct 77
5/9/2025House Sent to Governor
4/9/2025HouseHouse Agreed Senate Amend or Sub
4/4/2025HouseSenate Engrossed
4/2/2025SenateSenate Third Read
4/2/2025SenateSenate Passed/Adopted By Substitute
4/2/2025SenateSenate Read Second Time
3/18/2025SenateSenate Committee Favorably Reported By Substitute
3/13/2025SenateSenate Read and Referred
3/10/2025SenateHouse Committee Favorably Reported
3/6/2025HouseHouse Third Readers
3/6/2025HouseHouse Passed/Adopted
3/6/2025HouseHouse Second Readers
2/26/2025HouseHouse First Readers
2/24/2025HouseHouse Hopper
2/21/2025House
Bill Text
HB 586/AP* (v5)
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