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Thursday, April 19, 2012 - 12:12pm

Tax Law Signed, Baxter Moves to Georgia

Governor Nathan Deal signed into law today/Thursday the Georgia Jobs and Family Tax Reform Plan.

The signing took place at the Award’s Luncheon for the 2012 Manufacturers of the Year---- with news that another big business is coming to Georgia.

Governor Nathan Deal signed the bill into law and announced that the state secured a huge manufacturing project: Baxter Pharmaceuticals will be investing 1 billion dollars and creating 1,800 jobs in Georgia.

The new law eliminates the state sales tax on energy used in manufacturing. Governor Deal says his tax plan has incentives to attract more companies to Georgia:

“Having a good trained workforce is very important in site selection for companies like this. We want Georgia to be a home for Bio-tech industries and Bio-science industries like Baxter and this is a huge step in the right direction for us to do that.”

The new law also eliminates the marriage penalty in income tax code, saving couples collectively an estimated 140 million dollars a year.