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Abstract
Gov. Nathan Deal signed H.B. 318, which amends procedures under the Georgia Tourism Development Act, an act that provides sales tax incentives for approved companies, and extends the sales tax exemption for zoological institutions. Only one company can now be approved for each tourism attraction project. The 10-year term for tourism attraction agreements entered into between approved companies and the DCA now begins on the date the tourism attraction opens for business and starts collecting sales and use taxes or, for an expansion, on the date that the construction is completed. The law is amended to provide that approved companies that comply with the terms of their agreement will be granted a "sales and use tax refund" for new projects or an "incremental sales and use tax refund" for an "expansion" of an existing tourism attraction.