Federal and state income tax returns are due today. Georgia offers free electronic options for some last-minute filers. It’s similar to the federal program where you can use online software to prepare and file returns for free. There are typically income limitations and some programs require that you pay to file your federal return first.
A leader in the state Senate is sponsoring two amendments to the state constitution that would alter Georgia's tax policy. Duluth Senator David Shafer wants to shift Georgia from an income tax to a sales tax. John Hopkins University sociologist Katherine Newman says the regressive sales tax creates lower wage jobs and denies employers skilled labor.
Accounting students from Clayton State University are offering free income tax assistance for certain eligible taxpayers. The Volunteer Income Tax Assistance program helps taxpayers who make less than $49,000 a year with their personal income taxes.
State money managers reported Wednesday that revenues are up 8 percent for the fiscal year that ends June 30. That's above the 4 percent growth that state budget writers predicted.Sales tax collections are up 4.4 percent — or $18 million — for May while corporate income taxes are down 32.7 percent, $2 million.
Lawmakers will consider reinstating the grocery tax this session. It’s perhaps the most controversial part of a broad plan to overhaul the tax code. Two legislators discussing the plan at recent luncheon on the state budget crisis provide a glimpse of what’s to come when lawmakers take up the issue this year.
Overhauling Georgia’s tax code is the subject of a public hearing Thursday in Macon. The discussion is part of a statewide tour by the “Special Council on Tax Reform and Fairness for Georgians.” The state legislature created the group and charged its members with formulating tax reform recommendations by January 2011.