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GA HB1187
Bill
Status
Engrossed
3/15/2022
Primary Sponsor
Noel Williams
Click for details
AI Summary
- Extends the sales and use tax exemption for high-technology data center equipment by five years, from December 31, 2028 to December 31, 2033, with the full repeal date moving from January 1, 2029 to January 1, 2034
- Restructures minimum investment thresholds by county population tier: counties over 50,000 require 25 new quality jobs and $250 million in aggregate expenditures; counties between 30,000 and 50,001 require 10 new quality jobs and $75 million (reduced from $150 million); counties under 30,001 require 5 new quality jobs and $25 million (reduced from $100 million)
- Removes the blanket requirement of 20 new quality jobs that previously applied across all county tiers, replacing it with population-scaled job creation requirements
- Allows new high-technology data centers in counties with populations under 50,001 to claim the job tax credit under Code Section 48-7-40.17 beginning January 1, 2023, even while receiving the sales tax exemption
- All expenditure thresholds must be met within any consecutive seven-year period between July 1, 2018, and December 31, 2033
Legislative Description
Sales and use tax; exemption for certain high-technology data center equipment; extend sunset
Last Action
Senate Read and Referred
3/16/2022
Committee Referrals
Finance3/16/2022
Ways and Means2/3/2022
Full Bill Text
No bill text available