State Issues
Suspension of the Data Center Tax Credit Heads to Governor Kemp
March 22, 2024
On Thursday, March 14th, the Senate passed House Bill 1192 with a 29-22 vote. HB 1192 would suspend the issuance of any new sales and use tax certificates of exemption for data center projects in the state.
ACBR joined other members of the Data Center Coalition in opposition to this legislation because the abrupt suspension of the exemption brings into question the State's long-term commitment to its economic development program and policies, which threatens the certainty and predictability that is essential to financing large capital investments.
Furthermore, the bill undermines the competitiveness of Georgia in attracting and retaining businesses, as it sends a negative signal to companies looking to invest in the state.
It is unclear at this point if the Governor will sign the bill.
About the 400N Market Brief
The 400 North Association of REALTORS® (400N) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS). For more information on details of this month's report, please contact the Association at 770.845.4008.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the 400 North Association of REALTORS®
The 400 North Association serves as a central source of information for our members and our main focus are real estate education, the promotion of professionalism in our industry and representing our REALTOR® members with legislative initiatives to create positive change for the real estate community. Throughout its history, the 400 North Association has exerted its influence in civic affairs in its capacity of representing a substantial segment of the business community across the Forsyth, Dawson and Lumpkin area. The Association has contributed to various charities over the years by hosting fundraisers.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.