Committee backs Keep Georgia Forested Act to make forestry tax credits transferable
The Finance Committee unanimously passed HB1085 (LC 44-35-36S), the Keep Georgia Forested Act, which would make existing forestry job and investment tax credits transferable (capped at $250 million) and include a five-year sunset to encourage new investment in mills and wood manufacturing.
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The Senate Finance Committee unanimously advanced the Keep Georgia Forested Act (House Bill 1085, LC 44-35-36S), a measure designed to stimulate investment in Georgia’s forestry manufacturing sector by making certain job-creation and investment tax credits transferable.
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