Georgia House Panel Votes to Renew Tax Credits
Friday, February 27th, 2015
Georgia lawmakers appear headed toward renewing two tax credits supporters praise for their job-generating capabilities.
A committee of the state House of Representatives Thursday approved bills extending Georgia's angel investors tax credit for five years and renewing an income tax credit for the video gaming industry for three years.
The General Assembly created the angel investors tax credit in 2010 in an effort to attract more venture capital from high-net-worth individuals who typically invest in technology start-ups. Since the law took effect in 2011, 225 qualified businesses have registered with the Georgia Department of Revenue to receive angel investment.