Georgia 2023-2024 Regular Session

Georgia House Bill HB1195 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	24 LC 50 0790S
2		-	The House Committee on Ways and Means offers the following substitute to HB 1195:
	1	+	24 LC 50 0727
	2	+	House Bill 1195
	3	+	By: Representatives Kendrick of the 95
	4	+	th
	5	+	, Jackson of the 128
	6	+	th
	7	+	, Kelley of the 16
	8	+	th
	9	+	, Greene of
	10	+	the 154
	11	+	th
	12	+	, Buckner of the 137
	13	+	th
	14	+	, and others
3	15		A BILL TO BE ENTITLED
4	16		AN ACT
5		-	To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated,1
	17	+	To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated,
	18	+	1
6	19		relating to the imposition, rate, computation, exemptions, and credits relative to income2
7	20		taxes, so as to provide for a tax credit for workforce-ready graduates employed in high-tech3
8		-	full-time jobs in rural counties in this state; to require the Technical College System of4
9		-	Georgia to establish certain criteria; to provide for conditions and limitations; to provide for5
10		-	definitions; to provide for rules and regulations and forms; to provide for related matters; to6
11		-	provide for an effective date and applicability; to repeal conflicting laws; and for other7
12		-	purposes.8
13		-	BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:9
14		-	SECTION 1.10
15		-	Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the11
16		-	imposition, rate, computation, exemptions, and credits relative to income taxes, is amended12
17		-	by adding a new Code section to read as follows:13
18		-	"48-7-29.26.14
19		-	(a) As used in this Code section, the term:15
20		-	H. B. 1195 (SUB)
21		-	- 1 - 24 LC 50 0790S
22		-	(1) 'Employer' means an enterprise or organization, whether corporation, partnership,16
23		-	limited liability company, proprietorship, association, trust, business trust, real estate17
24		-	trust, or other form of organization, and its affiliates, which is registered and authorized18
25		-	to use the federal employment verification system known as 'E-Verify' or any successor19
26		-	federal employment verification system and is engaged in or carrying on any business20
27		-	activities within this state.21
28		-	(2) 'High-tech full-time job' means employment:22
29		-	(A) That is located in a rural county;23
30		-	(B) As a data scientist, software developer, information security analyst, web24
31		-	developer, computer sales engineer, information technology manager, computer25
32		-	research scientist, network and systems administrator, or computer support specialist;26
33		-	(C) Through an employer located in a rural county that is also a small business as such27
34		-	term is defined in Code Section 50-5-121;28
35		-	(D) That involves a regular work week of 30 hours or more;29
36		-	(E) That has no predetermined end date; and30
37		-	(F) That pays at or above the average hourly wage of the county with the lowest31
38		-	average hourly wage in the state, as reported in the most recently available annual issue32
39		-	of the Georgia Employment and Wages Averages Report of the Department of Labor.33
40		-	(3) 'Rural county' means a county in this state that has a population of less than 50,00034
41		-	with 10 percent or more of such population living in poverty based upon the most recent,35
42		-	reliable, and applicable data published by the United States Bureau of the Census. On36
43		-	or before December 31 of each year, the commissioner of the Department of Community37
44		-	Affairs shall publish a list of such counties.38
45		-	(4) 'Workforce-ready graduate' means an individual who has obtained a degree in the39
46		-	discipline of engineering or computer, information, or data science within a high-tech40
47		-	area of study and who is certified by the Technical College System of Georgia as having41
48		-	H. B. 1195 (SUB)
49		-	- 2 - 24 LC 50 0790S
50		-	completed a workforce readiness program approved by the Technical College System of42
51		-	Georgia in accordance with subsection (b) of this Code section.43
52		-	(b) By January 1, 2025, the Technical College System of Georgia shall adopt criteria for44
53		-	the establishment of workforce readiness programs and the certification of workforce-ready45
54		-	graduates for the purposes of this Code section.46
55		-	(c)(1) On and after January 1, 2025, each workforce-ready graduate employed in a47
56		-	high-tech full-time job for at least 40 weeks during a 12 month period shall be eligible48
57		-	for an income tax credit in the amount of $4,000.00 for each such year of employment49
58		-	against the tax imposed under this article; provided, however, that no individual shall be50
59		-	allowed more than $12,000.00 of tax credits under this paragraph.51
60		-	(2) No individual first employed in a high-tech full-time job before January 1, 2025,52
61		-	shall qualify to be eligible to receive the credit provided by this subsection.53
62		-	(3) No individual shall be eligible to receive the credit provided by this subsection more54
63		-	than once.55
64		-	(4) In no event shall the aggregate limit of tax credits allowed under this Code section56
65		-	for any year exceed $2 million.57
66		-	(d) In no event shall the credit provided by subsection (c) of this Code section for a taxable58
67		-	year exceed the taxpayer's income tax liability. Any unused portion of the credit provided59
68		-	by subsection (c) of this Code section shall be permitted to be carried forward and applied60
69		-	to the taxpayer's tax liability for the subsequent three years. The credit provided by61
70		-	subsection (c) of this Code section shall not be applied against the taxpayer's prior years'62
71		-	tax liabilities.63
72		-	(e) The commissioner shall promulgate rules and regulations and forms necessary to64
73		-	implement and administer the provisions of this Code section.65
74		-	(f) This Code section shall stand repealed on December 31, 2029."66
75		-	H. B. 1195 (SUB)
76		-	- 3 - 24 LC 50 0790S
77		-	SECTION 2.67
78		-	This Act shall become effective on July 1, 2024, and shall be applicable to all taxable years68
79		-	beginning on or after January 1, 2025.69
80		-	SECTION 3.70
81		-	All laws and parts of laws in conflict with this Act are repealed.71
82		-	H. B. 1195 (SUB)
83		-	- 4 -
	21	+	full-time jobs in rural counties in this state; to require the Department of Labor to establish4
	22	+	certain criteria; to provide for conditions and limitations; to provide for definitions; to5
	23	+	provide for rules and regulations and forms; to provide for related matters; to provide for an6
	24	+	effective date and applicability; to repeal conflicting laws; and for other purposes.7
	25	+	BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:8
	26	+	SECTION 1.9
	27	+	Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the10
	28	+	imposition, rate, computation, exemptions, and credits relative to income taxes, is amended11
	29	+	by adding a new Code section to read as follows:12
	30	+	"48-7-29.26.
	31	+	13
	32	+	(a) As used in this Code section, the term:14
	33	+	(1) 'Employer' means an enterprise or organization, whether corporation, partnership,15
	34	+	limited liability company, proprietorship, association, trust, business trust, real estate16
	35	+	H. B. 1195
	36	+	- 1 - 24 LC 50 0727
	37	+	trust, or other form of organization, and its affiliates, which is registered and authorized17
	38	+	to use the federal employment verification system known as 'E-Verify' or any successor18
	39	+	federal employment verification system and is engaged in or carrying on any business19
	40	+	activities within this state.20
	41	+	(2) 'High-tech full-time job' means employment:21
	42	+	(A) That is located in a rural county;22
	43	+	(B) As a data scientist, software developer, information security analyst, web23
	44	+	developer, computer sales engineer, information technology manager, computer24
	45	+	research scientist, network and systems administrator, or computer support specialist;25
	46	+	(C) Through an employer located in a rural county that is also a small business as such26
	47	+	term is defined in Code Section 50-5-121;27
	48	+	(D) That involves a regular work week of 30 hours or more;28
	49	+	(E) That has no predetermined end date; and29
	50	+	(F) That pays at or above the average hourly wage of the county with the lowest30
	51	+	average hourly wage in the state, as reported in the most recently available annual issue31
	52	+	of the Georgia Employment and Wages Averages Report of the Department of Labor.32
	53	+	(3) 'Rural county' means a county in this state that has a population of less than 50,00033
	54	+	with 10 percent or more of such population living in poverty based upon the most recent,34
	55	+	reliable, and applicable data published by the United States Bureau of the Census. On35
	56	+	or before December 31 of each year, the commissioner of the Department of Community36
	57	+	Affairs shall publish a list of such counties.37
	58	+	(4) 'Workforce-ready graduate' means an individual who has obtained a degree in the38
	59	+	discipline of engineering or computer, information, or data science within a high-tech39
	60	+	area of study and who is certified by the Department of Labor as having completed a40
	61	+	workforce readiness program approved by the Department of Labor in accordance with41
	62	+	subsection (b) of this Code section.42
	63	+	H. B. 1195
	64	+	- 2 - 24 LC 50 0727
	65	+	(b) By January 1, 2025, the Department of Labor shall adopt criteria for the establishment43
	66	+	of workforce readiness programs and the certification of workforce-ready graduates for the44
	67	+	purposes of this Code section.45
	68	+	(c)(1) On and after January 1, 2025, each workforce-ready graduate employed in a46
	69	+	high-tech full-time job for at least 40 weeks during a 12 month period shall be eligible47
	70	+	for an income tax credit in the amount of $4,000.00 for each such year of employment48
	71	+	against the tax imposed under this article; provided, however, that no individual shall be49
	72	+	allowed more than $12,000.00 of tax credits under this paragraph.50
	73	+	(2) No individual first employed in a high-tech full-time job before January 1, 2025,51
	74	+	shall qualify to be eligible to receive the credit provided by this subsection.52
	75	+	(3) No individual shall be eligible to receive the credit provided by this subsection more53
	76	+	than once.54
	77	+	(d) In no event shall the credit provided by subsection (c) of this Code section for a taxable55
	78	+	year exceed the taxpayer's income tax liability. Any unused portion of the credit provided56
	79	+	by subsection (c) of this Code section shall be permitted to be carried forward and applied57
	80	+	to the taxpayer's tax liability for the subsequent three years. The credit provided by58
	81	+	subsection (c) of this Code section shall not be applied against the taxpayer's prior years'59
	82	+	tax liabilities.60
	83	+	(e) The commissioner shall promulgate rules and regulations and forms necessary to61
	84	+	implement and administer the provisions of this Code section."62
	85	+	SECTION 2.63
	86	+	This Act shall become effective on July 1, 2024, and shall be applicable to all taxable years64
	87	+	beginning on or after January 1, 2025.65
	88	+	SECTION 3.66
	89	+	All laws and parts of laws in conflict with this Act are repealed.67
	90	+	H. B. 1195
	91	+	- 3 -