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News Articles: TAX CREDIT

Life coach Ryan Mack and Anwar Hogan pose for a photo

Tagged as: 

  • Health

Georgia tax credit helps young people aging out of foster care live independently

The state estimates 700 young people age out of Georgia’s foster care system each year.

April 09, 2025
|
By:
  • Ellen Eldridge
An aerial view of the Hyundai Motor Group Metaplant America in Bryan County, Georgia. Taken August 6, 2024. Courtesy of Hyundai Motor Group

Tagged as: 

  • News

Georgia GOP rep. wants to save Biden’s energy tax credits. Trump says he’ll repeal them

A Georgia Republican who has endorsed former President Donald Trump is concerned about the potential repeal of the Inflation Reduction Act, which has brought billions of dollars of clean energy investment to Georgia.

August 14, 2024
|
By:
  • Kala Hunter
Dan McLean looks down at a sign that reads "Access denied for any reason to anyone working with or for Summit Carbon Solutions," in his truck on Wednesday, March 6, 2024, on his farm near Menoken, N.D. Summit Carbon Solutions has proposed a multistate carbon dioxide pipeline that would bury CO2 deep underground in North Dakota. The project has drawn opposition from many Midwestern landowners.

Tagged as: 

  • News

Biofuel groups envision ethanol-powered jets. But fueling the effort has not been easy

Farming and biofuels organizations are hopeful that ethanol could be used to power passenger jets, but making that dream a reality hasn't been easy.

June 18, 2024
|
By:
  • Associated Press
Astin Rocks (right) at Atlanta Film Society presents LOCALS ONLY.

Tagged as: 

  • Arts & Culture News

Atlanta filmmakers struggle to find opportunities and funding in thriving industry

The Atlanta indie FILM scene has continued to grow, and certainly there are more opportunities for filmmakers trying to make it than there were a decade ago. But some local filmmakers still feel they are not taken as seriously or given the same consideration as their counterparts in Los Angeles or New York. 

April 01, 2024
|
By:
  • Sammie Purcell
Cast member Benedict Cumberbatch works during the filming of "Avengers: Infinity War", Wednesday, June 28, 2017, in Atlanta. A Georgia state Senate committee voted Wednesday, March 20, 2024, to weaken a cap on the state's tax credits that the House had proposed.

Tagged as: 

  • News

Proposed limit on Georgia film tax credit could become meaningless if studios are protected

Some Georgia lawmakers are having second thoughts about limiting the value of the state's lucrative film tax credit. The Senate Finance Committee voted on Wednesday to rewrite parts of a bill aimed at creating limits.

March 21, 2024
|
By:
  • Associated Press

Tagged as: 

  • News

Georgia House passes bill suspending tax exemption for data centers

The Georgia House of Representatives has passed a bill that would call a temporary halt to a sales tax exemption the state has been using since 2018 to attract huge high-tech data centers.

February 29, 2024
|
By:
  • Dave Williams

Tagged as: 

  • Economy

Major changes looming for Georgia’s film tax credit

Georgia legislative leaders’ pledge to rein in some of the state’s generous tax breaks to industry is starting with the most expensive on the books: the film tax credit.

February 19, 2024
|
By:
  • Dave Williams
Cast member Mark Ruffalo works during the filming of "Avengers: Infinity War, Wednesday, July 5, 2017, in Atlanta. Georgia lawmakers said on Wednesday Feb. 7, 2024 that moviemakers should be required to do more than just show a peach at the end of the credits to get the top benefit from Georgia's lucrative film tax credit.

Tagged as: 

  • News

Georgia legislators want filmmakers to do more than show a peach to earn state tax credits

Top Georgia lawmakers say moviemakers should be required to do more than just show a peach at the end of the credits to get the top benefit from Georgia's lucrative film tax credit. Legislative leaders said they want companies to meet four of nine goals to receive the top 30% credit on Georgia income taxes.

February 08, 2024
|
By:
  • Associated Press
Massachusetts Gov. Maura Healey signed a tax relief package on Oct. 4. Among other things, it expanded a child and family tax credit.

Tagged as: 

  • National

To tackle poverty, more states will offer bigger child tax credits in 2024

The new benefits take a cue from a pandemic success story — when an expanded U.S. child tax credit briefly cut child poverty in half. Some states include immigrants and index credits to inflation.

January 01, 2024
|
By:
  • Jennifer Ludden
City Mills Hotel in Columbus is a rehabbed 19th century grist mill built with the help of a state tax credit.

Tagged as: 

  • News

State tax credit review panel focuses on housing

Georgia low-income housing and historic rehabilitation tax credits are critical for the financial and social wellbeing of residents across the state, a series of witnesses testified at a legislative hearing Wednesday in Columbus.

November 10, 2023
|
By:
  • Dave Williams
A new Georgia tax credit could help teens in foster care transition to college or independent living.

Tagged as: 

  • News

New tax credit helps teens transition to independence after aging out of foster care

Each year, about 700 teens age out of the Georgia foster care system — and some become homeless, victims of human trafficking, or turn to crime.

August 08, 2023
|
By:
  • Donna Lowry
 Taylor Regional Hospital

Tagged as: 

  • News

Georgia’s rural hospitals use tax credit donations as Band-Aid

Health care officials say the state program needs improvement.

 

June 13, 2023
|
By:
  • Aaleah McConnell
Georgia House Ways and Means Committee Chairman Shaw Blackmon, R-Bonaire, center left, talks to a staffer on Thursday, Feb. 16, 2023, at the Capitol in Atlanta. The committee passed bills to give taxpayers another $1 billion in income tax breaks and to ratify Gov. Brian Kemp's fuel tax suspension.

Tagged as: 

  • News

Georgia bills advance on Kemp income tax and gas tax breaks

Two more pieces of Gov. Brian Kemp's tax cut agenda are advancing in the state House.

February 16, 2023
|
By:
  • Associated Press
Georgia Gov. Brian Kemp signs a bill to give state income refunds of more than $1.1 billion on Wednesday, March 23, 2022, at the Georgia capitol in Atlanta. The measure gives refunds of $250 to $500 to people who filed tax returns for 2020 and 2021.

Tagged as: 

  • News

Kemp and lawmakers to decide plan for $6.6B in surplus cash

Georgia's state government ended the 2022 budget year in June with $6.6 billion in surplus cash. Gov. Brian Kemp has plans to spend more than $3 billion through a combination of one-time tax givebacks.

January 05, 2023
|
By:
  • Associated Press
Gov. Brian Kemp speaks about inflation and legislative priorities at the Georgia State Capitol on Dec. 8, 2022

Tagged as: 

  • News

Mental health reporting requirements among new Georgia laws

New laws taking effect Sunday include reporting requirements for how health insurers pay for mental health care, new ways for parents to challenge materials used in schools and a tax credit for donating to police. Most Georgia laws take effect on July 1, but the General Assembly delayed some laws until Jan. 1.

December 30, 2022
|
By:
  • Associated Press
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