HB 198 - Income tax credit; certain businesses; biotechnology; provide
Sponsored By
Committees
- HC:W&M
- SC:
Current Status
01/31/07 - House Second ReadersFirst Reader 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 the imposition, rate, and computation of income tax, so as to provide for an income tax credit with respect to qualified businesses engaged in biotechnology or new or expanding businesses incurring qualified research expenses; to provide for definitions; to provide for procedures, conditions, and limitations; to provide for transfer of such credits; to provide for powers, duties, and authority of the state revenue commissioner, the Department of Revenue, and the Department of Economic Development with respect to the foregoing; to provide an effective date; to provide for applicability; to repeal conflicting laws; and for other purposes.
Status History
| Date | Action |
|---|---|
| 01/30/2007 | House First Readers |
| 01/31/2007 | House Second Readers |