GA
Georgia House Bill HB512

Georgia 2023-2024 Regular Session

Georgia House Bill HB512

Introduced
2/21/23  

Caption

Income tax; small business employers that employ certified workforce-ready graduates in high-tech full-time jobs; provide tax credit

Impact

If enacted, HB 512 would primarily affect state income tax regulations, specifically offering provisions that benefit small businesses. This bill could stimulate economic activity by lowering operational costs for employers, thus enabling them to recruit talent more effectively. Furthermore, it may lead to an increase in the number of high-tech jobs available to certified graduates, potentially reducing unemployment rates among skilled individuals in the state.

Summary

House Bill 512 is designed to provide a tax credit to small business employers who hire certified workforce-ready graduates for high-tech full-time jobs. The intent of this bill is to incentivize the hiring of individuals who have been trained and credentialed for high-demand roles in the tech industry, thereby encouraging economic growth and job creation in the state. By reducing the tax burden on businesses that invest in local talent, the bill aims to foster a more robust and skilled workforce within high-tech sectors.

Contention

During discussions surrounding HB 512, there are concerns that while the intent is to support small businesses and enhance workforce development, the initiative may disproportionately benefit larger companies that have the capacity to hire multiple graduates at once, undermining the bill's objectives for small business support. Additionally, lawmakers have raised questions regarding the criteria for 'certified workforce-ready graduates,' which may lead to debates about the quality and accessibility of these certifications across different regions and educational institutions.

Companion Bills

No companion bills found.

Previously Filed As

GA HB14

Income tax; tax credit for employers that employ certified workforce-ready graduates; provide

GA HB7

Income tax; workforce-ready graduates employed in high-tech full-time jobs in rural counties; provide tax credit

GA HB1195

Income tax; workforce-ready graduates employed in high-tech full-time jobs in rural counties; provide tax credit

GA HB292

Income tax; certification of certain employers as living wage employers; provide

GA AB1864

Income taxation: credits: small business employers.

GA A102

Provides corporation business tax credits and gross income tax credits to small business employers and farm employers for increases in certain mandatory employer contributions.

GA A259

Provides corporation business tax credits and gross income tax credits to small business employers and farm employers for increases in certain mandatory employer contributions.

GA S98

Provides corporation business tax credits and gross income tax credits to small business employers and farm employers for increases in certain mandatory employer contributions.

GA S605

Provides corporation business tax credits and gross income tax credits to small business employers and farm employers for increases in certain mandatory employer contributions.

GA S97

Provides corporation business tax credits and gross income tax credits to small business employers and farm employers related to increase in State minimum wage.

Similar Bills

No similar bills found.