Tuesday, January 12, 2010

The return of the HB 481

House Bill 481 was a series of tax credits meant to spur jobs, as well as a capital gains tax cut that led to Gov. Sonny Perdue's veto last year.

When Lt. Gov. Casey Cagle said this morning that he wants to "focus very deeply on cutting taxes," he was talking about the return of these measures, as well as a renewed look at overhauling the state's property tax system.

So it's not a major new tax initiative, but a continuation of ongoing efforts.

State Rep. Tom Graves, who carried this bill last year, said a new bill is under construction. He said the governor's office has already been brought in, in the hopes that the bill will meet his approval sooner, rather than later, in the process.

No comments: