GA Angel Investor Tax Credit Bill Update

25 Mar

The people have spoken. Your voices were heard. Many thanks to the many of you who wrote to legislators in support of this.

We’re very pleased to share with you that today our bill, HB 1001 The Angel Investor Tax Credit Bill, was submitted to House Rules Committee. This House Committee conducts a final vetting of the bill and determines if the bill will make it to the floor of the House of Representatives in time for a full House vote before Crossover Day (the day approved bills leave the House and go to the Senate).

However,  we have only two General Session days to accomplish getting the bill to the House Floor. It is doable, but we once again need your help to achieve this.

The Rules Committee will meet today (Thursday, March 25) starting at 2:00 PM  during which time our bill can be heard. We need for you to send the same notes you sent over the weekend, but now to key members of the House Rules Committee and also most certainly to those members of this Committee who represent your respective towns/cities or those near you. A voice mail works just as well. And leveraging personal relationships is best. We also ask that those of you are leaders of organizations and groups throughout the State please forward this information to your constituents.

Three of the Key Members of the House Rules Committee were on the list from this past weekend. If you haven’t yet written them please do so. These are:

House Rules Committee Chairman: Bill Hembree-Winston/Douglas

bill.hembree@house.ga.gov

hembrew@nationwide.com

404.656.5141 (Capitol)

770.942.1656 (Cell)

Jan Jones-Alpharetta

janjones38@bellsouth.net

jan.jones@house.ga.gov

404.656.5072 Capitol)

Jerry Keen-St. Simons

jerry.keen@house.ga.gov

404.656.5052 (Capitol)

912.634.3773 (District Office)

If any of the following represent your respective district/town/city we ask that you contact these as well and ensure that you note that you live in the district/town they represent:

Mark Burkhalter-Johns Creek

mark.burkhalter@house.ga.gov

404.656.5058 (Capitol)

770.418.9098 (District Office)

Howard Mosby-Atlanta

Howard.mosby@house.ga.gov

404.656.0287 (Capitol)

Fran Millar-Dunwoody

franmillar@wellsfargo.com

404.656.0254 (Capitol)

404.487.7329 (District Office)

Judy Manning-Marietta

judy.manning@house.ga.gov

404.656.7868 (Capitol)

Tom Rice-Norcross

tom.rice@house.ga.gov

404.656.5912 (Capitol)

Ron Stephen-Savannah

quickrxdrugs@yahoo.com

404.656.5099 (Capitol)

912.966.5665 (District Office)

Butch Parrish-Statesboro

butch.parrish@house.ga.gov

404.463.2247 (Capitol)

Earl Earhart-Marietta

earl@ehrhart.4emm.com

404.463.2247

Wendell Willard-Sandy Springs

wendell.willard@house.ga.gov

404.656.5125 (Capitol)

770.481.7100 (Office)

David Casas-Lilburn

david.casas@house.ga.gov

404.656.0254 (Capitol)

770.931.8033 (District Office)

Jill Chambers-Atlanta/DeKalb

jill.chambers@house.ga.gov

404.656.3949 (Capitol)

Mike Coan-Lawrenceville

repcoan@charter.net

404.656.3949 (Capitol)

For those of who have not written or called, key talking/writing points are:

-I’m (one of the voters/constituents in your district) calling/writing to voice my support for House Bill 1001, The Angel Investor Tax Credit Bill. Georgia needs his economic development tool TODAY.

-Many promising start-up companies in Georgia, most of which have been created by graduates of Georgia colleges and universities, are at risk in today’s challenging financial environment.

-The primary sources of capital for these businesses are angel investors: private individuals who take personal financial risk to enhance business and job creation in our state

-HB 1001 will incentivize angel investors to further engage to help these promising young companies get started, create jobs in our state, stay in our state and stimulate economic development

-22 other states have been utilizing these incentives for years and those states have benefitted from new business creation, new jobs and new revenue

-HB 1001 will make Georgia competitive with 22 other leading edge states, including North Carolina

-Add personal comments 

-I encourage you to support HB 1001

Thank for your time to discuss/read this.

——————————————————————————————————————————————————

As noted above, time is of the essence here. Hopefully you can get your correspondence before you leave work today or sometime tonight. 

Many Thanks again for your help, as we will all benefit from passage of this bill.  We’ll keep you apprised of developments.

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