Special Elections Act 310 (H.B. 907) provides that in even-numbered years a special election to present a question to the voters may be held on the third Tuesday in March provided that the special election occurs prior to July 1, 2024 and presents a question to the voters on sales and use taxes for transportation…

During the 2022 Regular Session of the General Assembly of Georgia, the Legislature enacted several pieces of legislation that impact development authorities in our state. The following is a summary: Per Diem Cap Act 751 adds a maximum per diem payable to directors of development authorities enacted under Ga. Code Ann. § 36-62-1, et seq., equal…

Act 769 (H.B. 1215) revised multiple aspects of the Charter Schools Act of 1998, as follows: The definition of “Charter school” was revised to better distinguish charter schools from a “Charter system” and other types of schools – this definition also better aligns with the federal definition of a public charter school. A new definition…

Sales Tax Exemption for Certain Purchases of Computer Equipment Act 842 (H.B. 1291) extends the sunset of the exemption for purchases of qualified computer equipment within O.C.G.A. § 48-8-3(68). Beginning in 2024, qualifying purchases (required to meet the $15 million threshold) will include only taxable purchases and leases, specifically excluding prewritten computer software (electronically delivered…

Deemed to be a “once-in-a-generation investment in our infrastructure,”[1] the Infrastructure Investment and Jobs Act (H.R. 3684) is expected to be signed into law by President Biden in the coming days, ending a nearly three month wait since the legislation was advanced by bipartisan effort of the U.S. Senate. Commonly referred to as the…

On November 4, 2021, the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund (CDFI Fund) released the Notice of Allocation Availability for the calendar year (CY) 2021 round of the New Markets Tax Credits (NMTC) Program; thus, the CDFI Fund is now accepting applications for the CY 2021 NMTC round. Pursuant to…

On September 16, 2021, the Securities and Exchange Commission (the “SEC”) charged Sweetwater Union High School District, a San Diego County School District (the “District”) and its former Chief Financial Officer (the “CFO”), with misleading investors who purchased $28 million of the District’s general obligation bonds. Without admitting or denying the findings in the SEC’s…