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Search resuls for: "Shaw Blackmon"


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Lawmakers also said Wednesday that they want to at least temporarily suspend a sales tax exemption on equipment offered to data centers. Burt Jones touts as a way to shore up tax revenue so that Georgia could further cut its income tax rate for all residents and businesses. A study last year by Georgia State University suggested the state saw a return of less than 20 cents on the dollar. However, the credits are transferrable — production companies can sell them to any individual or business with state income tax liability. The data centers tax credit is projected to cost the state $44 million in foregone sales tax revenue this year, according to a 2022 University of Georgia study.
Persons: Shaw Blackmon, “ We’re, Burt Jones, ” Jones, Blackmon, Jon Burns, Georgia Power, Burns Organizations: ATLANTA, — Top, Marvel, Bonaire Republican, Georgia, Lawmakers, Georgia Power Co, Republican, Gov, Georgia State University, Atlanta, Newington Republican, of Georgia Locations: — Top Georgia, Georgia, Peach State, Hollywood, Bonaire
ATLANTA (AP) — With a runup in home values sparking higher property taxes for many Georgia homeowners, there is a groundswell among state lawmakers in this election year to provide relief. Political Cartoons View All 253 ImagesIn Texas, voters in November approved a plan cutting property taxes by $18 billion. Pennsylvania is using lottery proceeds to cut property taxes and subsidize rent for seniors and people with disabilities. That owner would have paid more except for a $950 million property tax rebate championed by Gov. More than $2 billion in property value in Columbus is shielded from taxation by homestead exemptions which don't allow for any rise in value.
Persons: Jon Burns, Newington, , Jared Walczak, Chuck Hufstetler, Bill, I’ve, Hufstetler, Burt Jones, It's, Atlanta Sen, Jason Esteves, Esteves, Burns, Shaw Blackmon, Kathleen, That's, Suzanne Widenhouse, Brian Kemp, Widenhouse, ” Widenhouse Organizations: ATLANTA, Georgia's, Republican, Tax Foundation, Democratic, Finance, Rome Republican, Associated Press, Georgia Department, Revenue, Georgia counties, Association of, of Georgia, Gov, Atlanta Locations: Georgia, Texas, Kansas, Colorado, Pennsylvania, California, Muscogee County, Columbus
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