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Senate approves governor-backed hurricane relief bill with timber tax credit and sales-tax relief for farm rebuilding
Summary
The Georgia Senate passed House Bill 223, a substitute hurricane relief package that includes a timber reforestation tax credit, an income-tax exemption for certain USDA disaster payments, suspension of severance tax in affected counties and sales-tax relief for rebuilding agricultural structures. The Senate passed the bill 50-1.
The Georgia Senate on Tuesday passed House Bill 223, a multi-part hurricane relief package the chamber described as the governor's disaster-relief bill. The measure passed the Senate by substitute and cleared the floor by a 50-1 vote.
The sponsor told the Senate the bill contains four main components: (1) suspension of the timber severance tax and a grant program for FEMA-declared disaster counties (the "Trees Act" language carried over from earlier…
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