House Bill 1249

Committee Chair: Larry O’Neal

Committee:Ways & Means

House Sponsor: Jeff Lewis

Chairman O’Neal’s opinion of the legislation:

HB 1249 provides for income tax credits for solar energy companies that establish a headquarters in Georgia, or expand an existing headquarters in Georgia.  They may receive a credit equal to $5,500 annually per new employee for five years, a credit equal to 15% of certain expenditures on manufacturing equipment, and a credit equal to 75% of certain research expenditures.  The aggregate total of these credits may not exceed $1 million per year, and these credits will be repealed on January 1, 2010.

This bill comes to the House Floor under the Modified Structured Rule.

Further Action

The House agreed to the Senate Substitute, which made minor technical changes to dates.