This legislation changes the procedures of the Georgia Tourism Development Act and the necessary agreements that provide sales tax exemptions for certain projects. This legislation was amended to now include the option for local governments to offer the tourism tax exemption by resolution in the jurisdiction where a tourism project exists.

 

This legislation was also amended to include the language from SB 224 which creates the Invest Georgia Fund as a direct component of the Seed Capital Fund.  The legislation provides for the make up of the Board and the process for identifying qualifying early stage or seed businesses.