Atlanta panel backs $77,540 tax refund for Capstone Building

Atlanta's Finance/Executive Committee voted 5–0 Sept. 30 to recommend a $77,540.50 refund to Capstone Building Corp. for overpaid 2026 occupation tax. Resolution 26-R-4138 concerns gross receipts that the supporting text says were overstated by including deductible subcontractor payments.

The Department of Finance says it investigated the request and determined that the company is entitled to the refund. The resolution cites a city-code requirement that certain refunds exceeding $10,000 go to the committee and City Council for final determination. The favorable committee recommendation does not establish final council authorization or a completed refund payment.