As of July 1, 2016, several bills of interest to the business community have gone into effect. This group of new laws covers a variety of topics ranging from high school education, to healthcare, and tax breaks. The information below includes a brief summary of some of the laws that are important to you and the Chamber.
House Bill 402 Work-based learning opportunities
HB 402, sponsored by Rep. Eddie Lumsden (R-Armuchee), provides up to a 5% discount on workers’ compensation premiums if a business provides a State Board of Education-certified work-based learning opportunity for students.
House Bill 801 HOPE STEM
House Bill 801, sponsored by Rep. Jan Jones (R-Milton), provides for an additional boost to high school students’ GPAs who take advanced science, technology, engineering and mathematics (STEM) college courses for purposes of HOPE scholarship qualifications.
House Bill 821 Military Spouses and Veterans Licensure Act
House Bill 821, sponsored by Rep. Al Williams (D-Midway), supports expedited professional licensure for Georgia’s military spouses and transitioning service members.
House Bill 922 Expanded Definition of “taxpayer” for Quality Jobs Tax Credit
HB 922, sponsored by Rep. Bruce Williamson (R-Monroe), allows employers who create 50 high paying jobs in the state through subsidiaries who are deemed disregarded entities for tax purposes, to now be eligible to qualify for the Quality Jobs Tax Credit.
House Bill 935 Extension of Freeport tax exemption to e-commerce fulfillment centers
House Bill 935, sponsored by Rep. Brett Harrell (R-Snellville), extends the Freeport tax exemption to e-commerce fulfillment centers, shielding goods in warehouses from local inventory taxes for up to 12 months.
For more information on these and other bills passed during the Legislative Session, please click HERE.