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GA HB1012
Bill
Status
Introduced
2/25/2020
Primary Sponsor
William Werkheiser
Click for details
AI Summary
- Amends Code Section 48-7-40.26 (the "Georgia Entertainment Industry Investment Act") to add a new subsection requiring full compliance with all state and federal child labor laws and rules as a condition for receiving entertainment industry tax credits
- Mandates disallowance and recapture of any tax credit earned, claimed, transferred, or sold by a production company or qualified interactive entertainment production company found to have violated child labor laws
- Applies to any qualified production activity or state certified production for which child labor violations were or are committed
- Revises existing compliance provisions to cross-reference the new child labor subsection, making noncompliance with child labor requirements an explicit basis for tax credit disallowance
- Sponsored by Representatives Werkheiser (157th) and Harrell (106th) during the 2020 legislative session
Legislative Description
Georgia Entertainment Industry Investment Act; any tax credit earned, claimed, transferred, or sold by a production company or qualified interactive entertainment company that violates state or federal child labor laws or rules; disallow and recapture
Last Action
House Second Readers
2/26/2020
Committee Referrals
Ways and Means2/25/2020
Full Bill Text
No bill text available