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Georgia House passes disaster-relief tax package for farmers hit by Hurricane Helene
Summary
The Georgia House passed House Bill 223 on Feb. 18, a three-part state tax package intended to help farmers and timber owners recover from Hurricane Helene by exempting disaster-relief payments from state income tax, creating a replanting-conditioned timber-loss tax credit, and exempting sales tax on building materials for livestock buildings.
The Georgia House on Feb. 18 passed House Bill 223, a three-part package to provide state-level relief to farmers and timber owners after damage from Hurricane Helene.
Representative Will Burchette presented the bill, describing it as modeled on relief enacted after Hurricane Michael in 2018. "What the bill seeks to do is essentially what we did in Hurricane Michael," Burchette said. He outlined three primary components: exempt disaster-relief payments, including crop-insurance proceeds,…
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