summary
Introduced
01/30/2023
01/30/2023
In Committee
03/20/2024
03/20/2024
Crossed Over
03/06/2023
03/06/2023
Passed
Dead
03/28/2024
03/28/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT To amend Code Section 31-8-9.1 of the Official Code of Georgia Annotated, relating to eligibility to receive tax credits, so as to revise the rural hospital organizations that are eligible for contributions relative to a tax credit; to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, computation, exemptions, and credits relative to state income taxes, so as to revise the tax credit for contributions to rural hospital organizations; to increase the limit for contributions by corporate donors; to increase the annual aggregate limit; to provide for preapproval timelines; to extend the sunset provision; to increase the annual aggregate limit and extend the sunset for tax credits for certain qualified education donations; to amend Article 1 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to general provisions relative to ad valorem taxation of property, so as to provide for extension of preferential assessment periods for certain historic properties; to amend Code Section 48-8-3 of the Official Code of Georgia Annotated, relating to exemptions from sales and use tax, so as to suspend the issuance of new certificates of exemption for certain high-technology data center equipment during a certain period; to provide for an exception; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
AI Summary
This bill makes several changes to Georgia's tax laws:
1. It revises the definition of "rural hospital organization" to include rural freestanding emergency departments and make other changes to the eligibility criteria.
2. It increases the individual and corporate donor limits for the tax credit for contributions to rural hospital organizations, raises the annual aggregate limit for the tax credit from $75 million to $80 million, and extends the sunset date for the tax credit from 2024 to 2029.
3. It increases the annual aggregate limit for the tax credit for qualified education donations from $5 million to $10 million and extends the sunset date for that tax credit to 2029.
4. It allows counties to extend the preferential assessment period for certain historic properties by up to an additional 12 years.
5. It suspends the issuance of new sales tax exemption certificates for high-technology data center equipment from July 2024 to June 2026, except for data centers that have already applied for an exemption certificate.
Committee Categories
Budget and Finance
Sponsors (6)
Shaw Blackmon (R)*,
Clint Crowe (R)*,
Chuck Martin (R)*,
Mark Newton (R)*,
Ron Stephens (R)*,
Chuck Hufstetler (R),
Last Action
Senate Tabled (on 03/26/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/63709 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/227889 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/217140 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/216964 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/212978 |
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