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GA HB1151

Bill

Status

Introduced

3/14/2016

Primary Sponsor

Jesse Petrea

Click for details

Origin

House of Representatives

2015-2016 Regular Session

AI Summary

  • Creates a Georgia state income tax credit of $2,500 per honorably discharged veteran hired into a full-time job (30+ hours/week) for at least 40 weeks during a 12-month period, available from January 1, 2017, through January 1, 2020
  • Caps the credit at $50,000 per employer per taxable year and limits employers to claiming the credit only once per individual veteran
  • Requires employers to be registered with the federal E-Verify system and the veteran's position must pay at or above the average hourly wage of the state's lowest-wage county
  • Unused credits may be carried forward for up to three subsequent years but may not be applied retroactively to prior years' tax liabilities
  • Requires the commissioner to report annually by September 1 (2018–2020) to the Senate Finance Committee and House Ways and Means Committee on the number of employers claiming the credit and the total value of credits earned and applied

Legislative Description

Income tax credit; employers who hire certain veterans for full-time jobs; provide

Last Action

House Second Readers

3/16/2016

Full Bill Text

No bill text available