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GA HB791
Bill
Status
Passed
4/15/2014
Primary Sponsor
Ron Stephens
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AI Summary
- Amends Georgia Code Section 48-7-40.1 to protect designated military zones from losing their "less developed area" status for tax credit purposes when census tracts are redrawn or altered
- Areas composed of census tracts adjacent to a federal military installation that previously qualified as less developed areas retain that designation even if redistricting places them in a tract no longer adjacent to the installation
- Continued qualification requires the area to maintain a poverty rate of 15 percent or greater as reflected in the most recent decennial census
- Preserves eligibility for business enterprise tax credits in these areas, which are designed to incentivize economic development near military installations with pervasive poverty
- Becomes effective immediately upon approval by the Governor or upon becoming law without such approval
Legislative Description
Taxation; redrawing census tracts shall not disqualify a designated military zone as a less developed area; provide
Last Action
Effective Date
4/15/2014
Full Bill Text
No bill text available