HB34: Income tax; purchases and acquisitions of qualified investment property for manufacturing and telecommunications facilities to include mining facilities; expand credit

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, exemptions, and credits relative to state income tax, so as to expand the credits allowable for purchases and acquisitions of qualified investment property for manufacturing and telecommunications facilities to include mining facilities; to revise definitions; to provide for an effective date and application; to provide for related matters; to repeal conflicting laws; and for other purposes.