Senate President Pro Tempore Larry Walker III praised the signing of House Bill 134 on May 6, legislation aimed at supporting Georgia’s forestry industry and providing economic relief to rural communities affected by recent mill closures.
The bill, known as the “Keep Georgia Forested Act,” introduces transferable tax incentives for forestry manufacturers. These measures are intended to help businesses reinvest, expand, and stay competitive after job losses and supply chain disruptions from multiple mill closures in 2025.
“Forestry isn’t just an industry in our state; it’s a way of life for many in our rural communities,” said Sen. Walker. “When mills close, it doesn’t just affect one business. It impacts families, local economies and entire supply chains. House Bill 134 illustrates our commitment to supporting Georgia-grown industries, protecting rural jobs and making sure our forestry sector has the tools it needs to thrive.”
The legislation expands existing manufacturing tax credits to include various types of forestry-based manufacturers such as sawmills, paper mills, pulp mills, pellet mills, biofuel producers and hardwood flooring companies. Credits can be transferred or sold under certain conditions for greater flexibility in accessing capital. The bill also includes a five-year sunset provision and annual caps on available credits while offering enhanced incentives for manufacturers located in Tier 1 and Tier 2 counties.
“Georgia has long been a national leader in forestry, and this legislation helps secure that legacy for the future,” Sen. Walker added. “By modernizing our tax structure and encouraging investment in forestry manufacturing, we’re laying the groundwork for long-term growth and stability in communities that depend on this industry.”
House Bill 134 will take effect July 1.
Kennedy focused on legislative sponsorship during his Senate tenure; he represented Georgia’s 18th District beginning January 12, 2015; held roles including President Pro Tempore; chaired committees such as Administrative Affairs; served ex-officio on Ethics, Finance, Health & Human Services & Rules Committees; maintained an office at Atlanta’s CLOB building—according to the official website.
