HB587: Georgia Economic Renewal Act of 2021; enact

Legislative Summary

A BILL to be entitled an Act to amend Title 48 of the Official Code of Georgia Annotated, relating to revenue and taxation, so as to provide for a tax credit for medical equipment and supplies manufacturers and pharmaceutical and medicine manufacturers; to amend Code Section 33-1-25 of the Official Code of Georgia Annotated, relating to the "Georgia Agribusiness and Rural Jobs Act," so as to provide for a second round of funding and period for applications; to increase an application fee and provide for an annual maintenance fee; change certain reporting requirements; to revise and provide for definitions; to amend Code Section 48-7-40.34 of the Official Code of Georgia Annotated, relating to tax credit for Class III railroads and reporting, so as to extend an income tax credit for expenditures on the maintenance of railroad track owned or leased by Class III railroads; to provide for a short title; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.