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GA HB960

Bill

Official Source

Status

Introduced

2/20/2018

Primary Sponsor

John Pezold

Click for details

Origin

House of Representatives

2017-2018 Regular Session

AI Summary

  • Prohibits the Georgia General Assembly from passing any law that creates, modifies, or extends a tax incentive designed to entice an out-of-state person to invest in Georgia, unless the same incentive is offered in proportionate amount and under proportionate conditions to persons already conducting similar or related business within the state
  • Defines "tax incentive" broadly to include exemptions, exclusions, deductions, credits, deferrals, rebates, abatements, or preferential tax rates, whether direct or indirect
  • Amends Article 1 of Chapter 5 of Title 28 of the Official Code of Georgia Annotated by adding new Code section 28-5-7
  • Sponsored by Representatives Pezold (133rd), Holcomb (81st), and Cooke (18th)

Legislative Description

General Assembly; law containing a tax incentive for a person outside this state; provisions

Last Action

House Second Readers

2/22/2018

Full Bill Text

No bill text available