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House Majority Whip James Bashett proposes $200 million transferable tax credit to spur biomass power and revive Georgia forestry
Summary
House Majority Whip James Bashett told the Agriculture and Consumer Affairs committee the bill (HB63, LC 443564S) would offer transferable tax credits to attract pine‑to‑power biomass facilities, move idle wood stockpiles and help logging communities; the committee voted a do‑pass on the measure.
House Majority Whip James Bashett introduced House Bill 63 (LC 443564S) to the Agriculture and Consumer Affairs committee as a long‑term market intervention for Georgia’s forestry industry. Bashett said the state currently has “more than 8 million tons” of wood not being moved and described a transferable tax credit intended to incentivize construction of biomass energy facilities that turn pine into power. “What this allows for is a maximum tax credit of $200 million for the pine to power,” Bashett said.
Bashett framed the credit as a way to restore markets left by the disappearance of pulp demand and to support loggers, sawmills and related local…
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