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GA HB1044
Bill
Status
Passed
5/13/2022
Primary Sponsor
Clay Pirkle
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AI Summary
- Authorizes the creation of regional industrial development authorities by groups of 3 to 5 contiguous counties through joint resolution of their local governing bodies, provided at least half of each county's governing body members have completed a basic economic development training course certified by the Department of Community Affairs
- Each regional authority must have a board of directors, meet at least quarterly, develop an operational business plan, own property within the participating counties, and maintain an intergovernmental agreement for sharing operating expenses and ad valorem tax proceeds
- A county may not belong to more than one regional industrial development authority
- Taxpayers with qualified investment property on authority-owned land are eligible for the quality jobs tax credit at the rate of the lowest-tier participating county within the authority, as provided under Code Section 48-7-40.17
- Revises the definitions of "cable service" and "video service" in the Consumer Choice for Television Act to explicitly exclude direct-to-home satellite services and to update terminology references to federal law (47 U.S.C. Sections 332(d) and 303(v))
Legislative Description
Local government; creation of regional development authorities; provide
Last Action
Effective Date 2022-07-01
5/13/2022
Committee Referrals
Economic Development and Tourism2/17/2022
Economic Development and Tourism1/27/2022
Full Bill Text
No bill text available