Politics
Politics

Bill aims tax credits at downtown investments

Jan 29, 2013

A state lawmaker wants to offer income tax credits of up to 25 percent for investments in downtown business districts across the state.

Rep. Allen Peake, R-Macon, on Tuesday introduced the Georgia Downtown Renaissance Act, which offers individuals or companies the tax break for qualified projects. House Bill 128 would allow cities to create “renaissance districts” where the credits would apply.

The bill is a top priority of the Georgia Municipal Association.

“We estimate that every $1 million in tax credits offered by the state will result in the direct creation of 109 new jobs,” GMA Executive Director Lamar Norton said in a statement. “This means that more than 2,200 new jobs will be created by small businesses each year through the Renaissance Act, or roughly the equivalent of a new Kia plant opening up in our downtowns every year.”

More Stories

Keep Reading

Former Fulton County election worker Ruby Freeman talks to her daughter, Wandrea ArShaye "Shaye" Moss, a former Georgia election worker, after she testified before the U.S. House Select Committee at its fourth hearing on its Jan. 6 investigation on Capitol Hill in Washington, D.C., on Tuesday, June 21, 2022. (Yuri Gripas/Abaca Press/TNS)

Credit: TNS

OPINION

The 2020 election interference case is gone, but it can’t be forgotten

The decision by a Georgia prosecutor not to pursue the massive Trump election interference case leaves some bad deeds unpunished.

‘Fish wrapper’: The AJC’s complicated relationship with Georgia’s political class

How generations of Georgia leaders battled, berated and depended on the AJC.

A viral confrontation and a sudden resignation shake up Georgia GOP

The man behind the vigilante sting operation that apparently netted a teenage GOP official says he has no regrets.

The Latest

Former Fulton County election worker Ruby Freeman talks to her daughter, Wandrea ArShaye "Shaye" Moss, a former Georgia election worker, after she testified before the U.S. House Select Committee at its fourth hearing on its Jan. 6 investigation on Capitol Hill in Washington, D.C., on Tuesday, June 21, 2022. (Yuri Gripas/Abaca Press/TNS)

Credit: TNS

OPINION

The 2020 election interference case is gone, but it can’t be forgotten

A viral confrontation and a sudden resignation shake up Georgia GOP

‘Fish wrapper’: The AJC’s complicated relationship with Georgia’s political class

Featured

Former Fulton County election worker Ruby Freeman talks to her daughter, Wandrea ArShaye "Shaye" Moss, a former Georgia election worker, after she testified before the U.S. House Select Committee at its fourth hearing on its Jan. 6 investigation on Capitol Hill in Washington, D.C., on Tuesday, June 21, 2022. (Yuri Gripas/Abaca Press/TNS)

Credit: TNS

OPINION

The 2020 election interference case is gone, but it can’t be forgotten

The decision by a Georgia prosecutor not to pursue the massive Trump election interference case leaves some bad deeds unpunished.

Officials to install opioid reversal kits in Georgia’s public schools

The kits will contain Narcan, which can temporarily reverse the effects of an opioid overdose and restore breathing.

Odom-led comeback nets Conference USA championship for Kennesaw State

The Owls continue to be one of the most intriguing stories of the season, going from a two-win season to a conference title and beating the defending league champions.