Georgia House approves small town tax credit

ATLANTA -- Georgia’s state House members are in near unanimous agreement: It’s time to offer state tax credits to help revive fading rural towns.

“The rural bill targets downtown areas that are suffering from difficult economic times,” said state Rep. Penny Houston, R-Nashville, the author of House Bill 73.

The measure offers state tax credits for three steps of investing in a qualifying area: for buying real estate, for rehabbing it and for employing people there.

“You don’t get to take any of these tax credits until you have two full-time employees” or equivalent part-time employees, Houston said on the House floor recently.

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