Bill > HB1326

This bill establishes a new tax credit for employers in Georgia who create "living wage jobs," which are defined as full-time positions located in the state that pay at least $15.00 per hour and previously paid $10.00 per hour or less. The credit is available to employers with 50 or fewer employees and is calculated based on the increase in the employee's hourly wage above their "base wage" (the average hourly rate in the 12 months before the increase) multiplied by the number of hours worked. To qualify, employers must demonstrate a net increase in their total number of full-time employees in Georgia. The credit can be claimed starting in the tax year an employee completes 12 consecutive months in a living wage job, for a maximum of five years per job, and cannot exceed the employer's income tax liability, with any unused credit allowed to be carried forward for three years. The bill also directs the commissioner to create necessary rules and forms for its implementation.

Budget and Finance

https://www.legis.ga.gov/legislation/73257