Legal Niches

?Angel Investor? Tax Credits Aid Georgia Game Development

By pete_gallagher

The Georgia Game Developers Association (GGDA) is throwing its support behind language in a new Bill that would provide a tax credit of up to $50,000 for individuals that invest in 'early stage, innovative, wealth-creating businesses.'

The GGDA believes that Section 2 of HB 1069 would help be advantageous for Georgia-based startups in the videogame and digital media development industries. The Bill, which passed the House and now needs only Governor Sonny Perdue's signature, would allocate $10 million dollars annually for the program if enacted.

The measure also has the strong backing of Lieutenant Governor Casey Cagle, who penned a letter (PDF) to Technology Association of Georgia members encouraging them to contact the Governor to indicate their support of the legislation.

Full post as published by GamePolitics.com on May 18, 2010 (boomark / email).