Georgia’s Republican leaders are proposing a wide range of tax measures in an effort to boost job creation in the state. Georgia`s unemployment rate is currently at an all-time high of 10.3%.
One proposal is to give employers a $2,400 tax credit for hiring someone who has been unemployed for at least four weeks. Companies would receive the money as a quarterly tax credit.
State lawmakers face a dilemma similar to that at the Federal level. They would like to do something to promote job growth, but they face a significant deficit.
In the case of Georgia, the deficit is around $1.2 billion.
The bill also provides for:
- No state fees for new businesses
- Tax credit for small business investment
Lawmakers past a similar plan last year, but it was vetoed by Governor Sonny Perdue.
Coosa Valley News