HB481: Income tax; high-impact aerospace defense projects; provide tax credits

Legislative 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, computation, and exemptions from state income taxes, so as to provide for tax credits for high-impact aerospace defense projects; to revise a job tax credit; to allow such tax credit to be taken in conjunction with certain other tax credits; to revise a manufacturing tax credit; to change the requirements for such tax credit for certain projects; to change the aggregate credit cap for certain projects; to revise definitions; to provide for related matters; to repeal conflicting laws; and for other purposes.