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GA HB927

Bill

Official Source

Status

Introduced

2/5/2014

Primary Sponsor

Ron Stephens

Click for details

Origin

House of Representatives

2013-2014 Regular Session

AI Summary

  • Amends Georgia's enterprise zone law (O.C.G.A. § 36-88-4) to allow local governing bodies to grant tax exemptions and abatements to qualifying businesses with at least 5 full-time employees and a retail inventory valued at $1 million or less
  • Requires that the qualifying business provide economic stimulus to the enterprise zone, with the quality and quantity of that stimulus meeting criteria set by the local governing body or bodies that created the zone
  • Overrides existing qualifying business requirements in the code section by using "notwithstanding" language, broadening local discretion to extend enterprise zone incentives to smaller businesses
  • Includes a sunset provision repealing the new subsection on January 1, 2019
  • Offered as a substitute by the House Committee on Economic Development and Tourism

Legislative Description

Enterprise zones; certain criteria for qualifying business enterprise; provide

Last Action

House Committee Favorably Reported By Substitute

2/25/2014

Full Bill Text

No bill text available