The [URL=http://www.ggda.org]Georgia Game Developers Association (GGDA)[/URL] 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 [URL=http://www.legis.state.ga.us/legis/2009_10/fulltext/hb1069.htm]Section 2 of HB 1069[/URL] 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 ([URL=http://www.tagonline.org/files/Technology_Association_of_Georgia_Letter.pdf]PDF[/URL]) to Technology Association of Georgia members encouraging them to contact the Governor to indicate their support of the legislation.

[url=http://www.gamepolitics.com/2010/05/18/%E2%80%9Cangel-investor%E2%80%9D-tax-credits-aid-georgia-game-development]More...[/url]