State lawmakers will jump into spring break a day earlier than originally planned, with no General Assembly session Friday. That move is to give legislators more time to iron-out sticking points in a proposed tax reform plan.
State lawmakers were unable to come to an agreement Wednesday evening on a tax reform plan, so work will continue Thursday. A Republican-proposed measure would cut the state income tax from 6 to 4.5 percent. But it would add taxes on auto repair, car sales between individuals and some telecommunication services.
State legislative leaders on Thursday proposed lowering the income tax rate and leaving groceries untaxed. During a special committee meeting, lawmakers endorsed some recommendations from a tax reform council but rejected others.
A proposal that would restructure the state’s tax system could require voter approval for some of its structural provisions. Constitutional amendments would be needed to replace local telecommunications franchise fees with a statewide tax on those services and to set up a state fund to offer tax credits to new and growing businesses.
State lawmakers are at The Biennial Institute Conference in Athens this week to prepare for the 40 day legislative session. Aside from training for new lawmakers, conferees may also get a glimpse of the proposed tax code.