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GA HB922
Bill
Status
Passed
5/3/2016
Primary Sponsor
Bruce Williamson
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AI Summary
- Amends O.C.G.A. § 48-7-40.17 to add a formal definition of "taxpayer" to Georgia's tax credit for creating quality jobs, defining it as any person required by law to file a return or pay taxes
- Allows taxpayers to elect to count jobs within their disregarded entities (as defined by the Internal Revenue Code) when calculating the number of new quality jobs created for purposes of claiming the tax credit
- Applies to all taxable years beginning on or after January 1, 2016
- Becomes effective upon approval by the Governor or upon becoming law without such approval
Legislative Description
Income tax credit; creating quality jobs; add definition of taxpayer
Last Action
Effective Date
5/3/2016
Full Bill Text
No bill text available