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Bill > HB220


GA HB220

GA HB220
Income tax; Georgia Veterans Work Opportunity Tax Credit; provide


summary

Introduced
02/01/2017
In Committee
Crossed Over
Passed
Dead
03/29/2018

Introduced Session

2017-2018 Regular Session

Bill Summary

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, and computation and exemptions from state income taxes, so as to provide for a Georgia Veterans Work Opportunity Tax Credit as a state income tax credit incentive to be provided to private sector employers to hire veterans who face employment barriers; to provide for definitions; to provide for related matters; to repeal conflicting laws; and for other purposes.

AI Summary

This bill proposes to amend Georgia's state income tax laws to provide a Georgia Veterans Work Opportunity Tax Credit as an incentive for private sector employers to hire veterans who face employment barriers. The credit would be a one-time, per-employee tax credit, with the amount determined by the veteran's employment status and hours worked. The bill defines key terms like "qualified veteran," "unemployed veteran," and "qualified wages," and outlines the requirements for employers to receive the credit, including receiving certification from the Georgia Department of Labor that the hired individual is a member of a targeted group.

Sponsors (6)

Last Action

House Second Readers (on 02/07/2017)

bill text


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