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ATLANTA (March 25, 2009)— Today the Georgia State Senate voted for a true stimulus package with the passage of the Jobs, Opportunity, and Business Success Act of 2009 (JOBS Act). Sen. Seth Harp (R-Midland) supported the bill.

“What we are proposing is harnessing the greatness of Georgia…the intellectual capital, the entrepreneurial spirit, and the true grit of Georgians,” said Harp “This bill will get Georgia’s economy flourishing in a fast, efficient, and stable manner. Not a quick fix like the Federal stimulus package.”

House Bill 481 and 482 comprise the JOBS Act with HB 481 providing a new business filing fee holiday, a $500 credit towards the unemployment insurance tax for each eligible employee hired, a $2,400 income tax credit for each eligible employee hired, and the elimination of the sales tax deposit.

HB 482 would eliminate the state inventory tax on all Georgia businesses.  The original House version of HB 481 included the gradual elimination of the corporate income tax, but was removed as the legislation passed through the House. The Senate committee substitute that was passed earlier this week placed that measures back into the legislation. Harp also praised the Act as the most pro-business legislation the General Assembly has ever considered and believes its focus on protecting the small business will be the key to bringing Georgia through the current recession.