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GA HB1151
Bill
Status
Introduced
3/14/2016
Primary Sponsor
Jesse Petrea
Click for details
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