2.10.26 Ways & Means Subcommittees

Georgia House Ways and Means Committee — Income Tax Subcommittee

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House Bill 1070 — short-line railroad tax credit (second hearing, vote)

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Speaker 3 summarized House Bill 1070 (Short Line Railroad Track Maintenance Tax Credit): it would extend the program five years and raise the per-track-mile credit cap from $3,500 to $5,000. Committee moved to pass on second hearing and approved the motion by voice vote; chair declared the motion carries.

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Actions:HB-1070 vote

Members of the Georgia House subcommittee heard several tax measures, advanced two small tax-credit bills by voice vote, took first hearings on a historic rehabilitation credit and a farmers-assistance deduction, and spent the bulk of the session on a proposed statewide property-tax overhaul (HR 114 / HB 1116) that would phase in full homestead exemption by 2032 and enable local sales-tax tools to offset property levies.

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