On Tuesday, May 4th, Governor Kemp signed Senate Bill 6 into law. SB 6 contains language for the Georgia Made Medical Manufacturing Act, which allows for an additional $1250 tax credit for all new jobs engaged with pharmaceutical and medical supply/device manufacturing. Language for the GMMMA was previously included on several pieces of legislation but received final passage on the last day of session on a Conference Committee Report to SB 6. The law will go into effect on July 1, 2021.
This legislation signals the value that Gov. Kemp and the General Assembly place on the important work of the life sciences industry. We thank them for their support and look forward to working with them to expand our industry and its economic impact here in Georgia.