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 GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.