GA HB276

Creates a tax credit of $500,000 per megawatt for woody biomass power generators with minimum 50 megawatt capacity, capped at $200 million per taxpayer and $1.6 billion total, claimable through December 31, 2036

Credits may be carried forward for 10 years and transferred or sold one time to another Georgia taxpayer, with taxpayers required to reimburse audit costs up to the value of credits claimed

Limits existing high-technology company sales tax exemptions from January 1, 2029 through December 31, 2034 to companies in Tier 1 counties, counties with certain barrier islands, or those using on-site woody biomass power generation at 50+ megawatts

Extends high-technology data center sales tax exemptions from January 1, 2032 through December 31, 2037 under the same geographic and woody biomass power generation limitations

Defines woody biomass as wood residuals including land-clearing residue, urban wood residue, and pellets, excluding wood from U.S. national forests