When the Braves leave for the suburbs in 2017, the City of Atlanta will lose about $4 million in annual sales tax revenue. That figure comes from an economic impact study by Professor Bruce Seaman of Georgia State University.
Georgia's sales tax holiday is expected to bring more shoppers to stores this weekend. Customers won't have to pay the sales tax on many back-to-school items. The tax holiday ends at midnight Saturday.
Across the state today residents in many counties will be voting on tax policies. Camden County residents are considering a special 1% sales tax that could raise $65 million over the next 6 years for public works projects. And McIntosh County is considering a similar tax increase to expand education programs.
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.
Cities and counties have to split local option sales taxes every 10 years based on several criteria including population. But Chatham County and its 7 municipalities couldn't reach a deal last year and opted to go to court. Three days into the trial that began Monday, both sides apparently decided they didn't want a judge to choose between their proposals.
Chatham County and its seven municipalities are going to court today to argue over how to split more than $500 million worth of tax revenue. Negotiations broke down last year over how the divide local option sales taxes - known as the LOST. Now it'll be up to a judge to decide a case that will affect property taxes and local budgets.
This March the birthday tax and sales tax on new cars and trucks are going away, replaced with a new one-time title tax. But what does that mean for those thinking about buying a vehicle now? It depends on a variety of circumstances.