How to fix flawed “New Markets” Bill

The Georgia Senate is now considering House Bill 439, legislation supporters claim will help small businesses in low-income urban and rural areas. But the proposal is poorly designed and is unlikely to help Georgia businesses or the state’s economy. It creates an overly complex investment scheme that delivers tax credits solely to insurance companies, rather than Georgia families or businesses generally. If lawmakers are intent on enacting the New Markets initiative, some common sense changes to the bill should be considered to give it a better chance to succeed. Download the report.