The Georgia House is considering whether to remove the limit on tax credits that businesses receive for their research and development efforts.

House Bill 412 would lift a restriction that the credit for any year cannot exceed more than half of the firm’s income tax liability after all other credits are considered. It still allows the credit to continue for up to 10 years after the investment is made.

The proposal is now before the House Ways and Means Committee.

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U.S. Rep. Mike Collins, R-Ga., was first elected to the House in 2022 after the seat was vacated by U.S. Rep. Jody Hice, who resigned to run for secretary of state. (Alex Brandon/AP 2024)

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Tracy Woodard from InTown Cares (left) and Lauren Hopper from Mercy Care organization work with residents at the Copperton Street encampment in August 2024. 
(Miguel Martinez / AJC)

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