Georgia 2023-2024 Regular Session

Georgia House Bill HR324

Introduced
2/27/23  

Caption

House Study Committee on the Jobs Tax Credit Tier System; create

Impact

The establishment of this study committee is intended to evaluate the existing conditions, needs, and potential legislative reforms needed for the jobs tax credit tier system. By thoroughly assessing how unemployment rates and labor participation rates vary across counties, the committee will be tasked with making informed recommendations that may lead to legislative action. These findings could potentially influence how the state distributes tax credits to businesses, targeting those in areas most in need of economic stimulation.

Summary

House Resolution 324 aims to create a House Study Committee that focuses on the Jobs Tax Credit Tier System within the state of Georgia. This initiative stems from the recognition of Georgia's reputation as a leading state for business, coupled with the understanding that the jobs tax credit tier system is crucial for extending economic success to more impoverished and underdeveloped areas of the state. The bill seeks to address the challenges and impacts of periodic changes in tier rankings of the state's counties, particularly how these changes can adversely affect local economies and employment opportunities.

Contention

While the bill appears straightforward, it raises the question of how effectively the tax credit tier system can adapt to changing economic landscapes. Critics may argue that the system's effectiveness depends on accurate and current data regarding regional economic conditions. Additionally, the potential for differing opinions on what constitutes the needs of underdeveloped areas may lead to contention, particularly regarding whose interests are prioritized in any resulting legislative recommendations. Overall, the outcomes of the committee's work could initiate broader debates about economic policy in the state.

Companion Bills

No companion bills found.

Previously Filed As

GA HR1498

House Study Committee on Private Water Systems; create

GA HR604

House Study Committee on Funding for the Technical College System of Georgia; create

GA HR1563

House Study Committee on Georgia's Creative Economy; create

GA HR10

House Study Committee on Public Water Systems Serving Disadvantaged Communities; create

GA HR1384

House Study Committee on Assessing the Semester and Quarter Systems at USG and TCSG Institutions; create

GA HR141

House Study Committee on Expanding Long-Term Care Options; create

GA HR711

House Study Committee on Student Attendance in PreK-12 Education; create

GA HR1135

House Study Committee on Credit Card Fee on State Sales and Excise Tax and Their Impact on Georgia Merchants and Consumers; create

GA HR655

House Study Committee on Gaming in the State of Georgia; create

GA HR837

House Study Committee on Dominion Election Equipment; create

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