“Angel Investor” Tax Credits Aid Georgia Game Development

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.