State Rep.Tom Graves, R-Ranger, along with House and Senate leaders will hold a press conference to announce the Jobs, Opportunity, and Business Success Act of 2010 (JOBS Act 2010).
Graves pushed a plan last year that would have given companies a $500 credit toward the unemployment insurance tax and a $2,400 income tax credit for each new employee they hire.
But Gov. Sonny Perdue vetoed the measure after the state Senate tacked on a provision to slash the capital gains tax in half over two years. The governor argued the move would have gutted recession-wracked state coffers.
Like its predecessor, the 2010 version of the JOBS Act will focus on creating, expanding and attracting jobs through a series of tax credits, cuts, and incentives for businesses to hire Georgians.
The press conference will begin at 1:30 PM in room 610 of the Coverdell Legislative Office Building.
The press conference will be streamed live for all interested parties unable to attend.