24 LC 50 0655
House Bill 1020
By: Representatives Sainz of the 180
th
, Ballard of the 147
th
, Burchett of the 176
th
, LaHood
of the 175
th
, and Blackmon of the 146
th
A BILL TO BE ENTITLED
AN ACT
To amend Code Section 48-7-40.1 of the Official Code of Georgia Annotated, relating to tax
1
credits for business enterprises in less developed areas, so as to revise the military zones that2
qualify for designation as less developed areas; to provide for related matters; to repeal3
conflicting laws; and for other purposes.4
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:5
SECTION 1.6
Code Section 48-7-40.1 of the Official Code of Georgia Annotated, relating to tax credits for7
business enterprises in less developed areas, is amended by revising paragraph (2.1) of8
subsection (c) as follows: 9
"(2.1) Any census tract in a county that contains a federal military installation with a10
garrison of at least 5,000 federal or military personnel combined and also contains an
11
industrial park that is owned and operated by a governmental entity;"12
SECTION 2.13
All laws and parts of laws in conflict with this Act are repealed.14
H. B. 1020
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