House Bill 937 extends the sunset provision on the sales and use tax credit

Also sponsored by Representative Brett Harrell (R-Snellville), House Bill 937 extends the sunset provision on the sales and use tax credit for competitive projects of regional significance through 2019. This credit for projects of regional significance is an essential tool used by the Department of Economic Development in recruiting new industry to Georgia

Read More

House Bill 936 provides clarity to an existing tax credit program

Sponsored by Representative Brett Harrell (R-Snellville), House Bill 936 provides clarity to an existing tax credit program designed to entice job creation throughout the state. Also a priority for the Department of Economic Development, HB 936 provides that a “new full-time employee job” means a newly-created position requiring a minimum of 35 hours per week…

Read More

House Bill 935, extending the inventory ad valorem tax exemption, passes

Sponsored by Representative Brett Harrell (R-Snellville), House Bill 935 extends the inventory ad valorem tax exemption, also known as the Freeport exemption, to fulfillment centers. A priority for the Department of Economic Development, this legislation recognizes, and further promotes, the positive impact of internet commerce in Georgia.

Read More

Annual IRS update bill was passed and signed into law

The annual IRS update bill was passed and signed into law midway through the 2016 session. Sponsored by Rep. David Knight (R-Griffin), House Bill 742 ensures the continued stability and compliance of the Georgia Revenue Code that is vital to the operation of businesses of all sizes. Of particular note, HB 742 increases the Section…

Read More

Quality Jobs Tax Credit, House Bill 922, Passed

Inspired by discussions of the Tax & Finance Policy Committee, the Chamber introduced legislation to clarify the Quality Jobs Tax Credit. House Bill 922, sponsored by Rep. Bruce Williamson (R-Monroe), ensures that corporations creating more than 50 jobs in the state through disregarded entities are eligible to qualify for the Quality Jobs Tax Credit regardless…

Read More

Annual IRS Update Bill Signed Into Law

The annual IRS update bill, which was signed into law midway through the session, ensures the continued stability and compliance of the Georgia Revenue Code that is vital to the operation of businesses of all sizes. The law incorporates the now permanent Section 179 of the IRS Code that allows small businesses to deduct up…

Read More

Revision Proposed to Quality Jobs Tax Credit

This session, the policy committee proposed a revision to the definition of taxpayer with regards to the Quality Jobs Tax Credit. HB 922, sponsored by Rep. Bruce Williamson (R-Monroe) and awaiting the Governor’s signature, ensures that corporations creating more than 50 jobs in the state through disregarded entities are eligible to qualify for the Quality…

Read More