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Committee advances $4,000 tax credit for rural high-tech workforce graduates
Summary
HB7 would offer up to $4,000 a year in income tax credits to graduates of workforce-development programs who work in high-tech jobs in rural Georgia, for up to three years; the measure passed the committee by voice vote.
The House Ways and Means Committee favorably reported HB7, which would award a $4,000 Georgia income tax credit to graduates of qualifying workforce-development programs who take full-time high-tech jobs in rural communities.
The credit would be available for up to three years, for a maximum total credit of $12,000 per eligible worker. Representative Kendrick, the bill's sponsor, said the measure replaces the word "degree" with "postsecondary credential" and aims to encourage high-tech employers to locate and hire in rural areas.
"So the purpose of this really is to get more high-tech full time jobs in rural communities...we give $4,000 for up to 3 years, so $12,000 total over 3 years, on Georgia income taxes," Kendrick told the committee. She noted a fiscal note is attached to the bill.
Committee members asked few technical questions. The subcommittee earlier reported the bill favorably and, during the full committee session, a motion and second carried on a voice vote.
The hearing did not record any statutory citations; implementation details and fiscal impacts were said to be in the bill's fiscal note.
