Plain English Breakdown
The effective date is noted as a provision of the act, but the metadata and summary do not specify when it takes effect.
Georgia Hemp Industry Growth and Business Partnership Tax Credit Act
This law creates a tax credit for costs related to doing business with owners and suppliers of hemp grown in Georgia.
What This Bill Does
- Amends Chapter 7 of Title 48 of the Official Code of Georgia Annotated regarding income taxes.
- Provides for a tax credit for costs of doing business with Georgia-grown hemp owners and suppliers.
- Sets terms and conditions for receiving the tax credit.
- Repeals laws that conflict with this new provision.
Who It Names or Affects
- Businesses incurring costs to do business with Georgia-grown hemp owners or suppliers.
Limits and Unknowns
- The official summary does not state the specific dollar amount or percentage of the tax credit.
- The exact terms and conditions required to qualify are mentioned but not detailed in the provided text.
- The effective date is listed as a provision in the bill, but no specific date is given in the source material.