General aviation industry officials say, 7,000 Georgians go to work everyday in their industry -- and that should be good reason to keep a tax break in place for the wealthy customers who buy private airplanes. Current federal budget negotiations have opened a torrent of criticism toward what some -- including President Obama -- characterize as a tax loophole for fat cats.
Governor Nathan Deal still is reviewing a bill to boost tax incentives to spur some tourism projects. The tax breaks could help a proposed convention hotel in Savannah. Some hotel owners have tried to block the hotel because it could be financed with 50-million-dollars in county bonds. The opponents says, that's unfair to privately-backed hotels.
Georgia's film industry is booming and some industry experts say that is proof enough that film tax credits are working. A committee of state lawmakers is reviewing all of Georgia's tax code and is expected to recommend sweeping changes in the upcoming legislative session. On the chopping block could be dozens of tax breaks that cost the state money and don't produce jobs.
Imperial Sugar officials want Chatham County taxpayers to give the company an almost $3 million tax break for rebuilding parts of the sugar refinery that exploded two years ago. Fourteen people died in the blast. The company is asking for breaks under a Georgia law that gives companies tax relief as an incentive to create new jobs and boost revenue.
Both candidates said that solving education, transportation and water problems were critical to luring new jobs. They spoke to about 300 economic development officials meeting for their annual conference in Savannah.
A group tasked with overhauling Georgia’s tax code is holding public hearings across the state. The first will be Thursday evening in Atlanta. While the group hasn’t formed recommendations yet, they’re putting forth some bold ideas.