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GA SB432
Bill
Status
Engrossed
2/26/2018
Primary Sponsor
John Albers
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AI Summary
- Requires the state auditor to conduct economic analyses of certain income tax credits and sales and use tax exemptions and deliver them to the House Committee on Ways and Means and the Senate Finance Committee
- Each economic analysis must include good faith estimates, on both a direct and indirect basis, of the net change in state revenue, state expenditures (including administrative costs), economic activity, and public benefit projected annually for ten years
- Establishes a phased review schedule spanning seven years, with the first batch of tax provisions due for analysis by December 1, 2018, and the final batch due by December 1, 2024
- Covers dozens of specific income tax credit Code sections (e.g., 48-7-29 series and 48-7-40 series) and numerous individual sales and use tax exemption paragraphs under Code Section 48-8-3
- Officially cited as the "Georgia Tax Credit Business Case Act" and amends Article 3 of Chapter 5 of Title 28 of the Official Code of Georgia Annotated
Legislative Description
'Georgia Tax Credit Business Case Act'
Last Action
House Insisted
3/29/2018
Full Bill Text
No bill text available