Loading chat...

GA HB939

Bill

Official Source

Status

Introduced

2/18/2020

Primary Sponsor

John Carson

Click for details

Origin

House of Representatives

2019-2020 Regular Session

AI Summary

  • Amends Georgia's qualified education tax credit (Code Section 48-7-29.16) to make the $100 million annual aggregate cap permanent beginning January 1, 2019, removing the previous December 31, 2028 sunset date
  • Eliminates the provision that would have reduced the annual cap back to $58 million starting in the 2029 tax year and all subsequent years
  • Retains the existing $58 million cap for the tax year ending December 31, 2018
  • Sponsored by Representatives Carson (46th), Knight (130th), Stephens (164th), Rutledge (109th), Wiedower (119th), and others

Legislative Description

Income tax; qualified education tax credit; revise the aggregate tax limit cap allowed each year

Last Action

House Second Readers

2/20/2020

Full Bill Text

No bill text available