Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Income-tax subcommittee advances multiple tax measures in voice votes
Summary
The committee moved several income- and sales-tax measures forward by voice vote, advancing bills that would expand education savings flexibility, exempt certain federal disaster farm payments from state tax, make forestry tax credits transferable, and protect taxpayer phone numbers on property tax rolls.
The Ways & Means income-tax subcommittee on Feb. 25 advanced several bills by voice vote, including measures to change tax treatment for education savings accounts, federal farm-relief payments and forestry-related tax credits, and to remove phone numbers from property tax rolls.
House Bill 962, described by Chairman Martin, would remove a statutory cap on the Georgia Higher Education Savings Plan and let the plan’s board set the limit. Martin said the change would ‘‘trust the board’’ and expand the state tax deduction so it is available ‘‘to all Georgians’’ rather than steering savers toward a single plan. With no questions from…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
