GA HB1129

Amends criteria for enterprise zones in urban redevelopment areas, requiring a minimum $400 million capital investment and certification that the area has been chronically underdeveloped for 20 years or more

Enterprise zone projects qualify for local sales and use tax exemptions, but state sales and use tax exemptions require approval by the Governor or designee

Local governing bodies may assess and collect annual infrastructure fees from retailers receiving sales tax exemptions, with fees capped at the amount of exempted taxes; these fees may be pledged as security for revenue bonds

Revenue bond principal cannot be used to satisfy obligations or provide returns on the required capital investment

Limits enterprise zones under this subsection to no more than four simultaneously within an urban redevelopment area, and excludes projects involving casino gambling; effective July 1, 2026