Georgia Bio Applauds Passage of Senate Bill 6 and the Georgia Made Medical Manufacturing Act
May 04 2021 - 2:30PM
Business Wire
Georgia Bio, the state’s life sciences advocacy and business
leadership organization, announced today that Governor Brian Kemp’s
signing of Senate Bill 6 includes language for the Georgia Made
Medical Manufacturing Act.
“The COVID-19 pandemic drew national attention to drug shortages
in the U.S., which have become more frequent over the past decade
due to an overreliance on pharmaceutical ingredients from
overseas,” said Maria Thacker-Goethe, Georgia Bio’s president and
CEO. “This legislation strengthens Georgia’s ability to support
patients during and after the pandemic, highlights the vital work
of our pharmaceutical and medical device and supply manufacturers,
and creates jobs by attracting and growing the life sciences
industry in Georgia. Thank you to Governor Brian Kemp and his
office for prioritizing our industry, healthcare independence, and
the health and safety of Georgia’s citizens.”
Senate Bill 6, initially a bill to implement oversight of
existing tax credits, became an omnibus tax bill with several
issues represented. Part II of the bill allows companies eligible
for the existing Jobs Tax Credit to receive an additional $1250 tax
incentive for all new employees beginning July 1, 2021 or later
engaged in pharmaceutical manufacturing and medical supply
manufacturing.
Senate Bill 6 was signed during a bill signing ceremony at the
Cobb Chamber of Commerce and will take effect on July 1, 2021. To
read the full text of the bill, click HERE.
About Georgia Bio
Georgia Bio (www.gabio.org) is the state’s private,
non-profit life sciences association. Members include
pharmaceutical, biotechnology and medical device companies, medical
centers, universities and research institutes, government groups
and other business organizations involved in the development of
life sciences related products and services.
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Ryan Brooks 404-920-2043 rbrooks@gabio.org