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Finance committee clears four measures, including sales-tax refund for Savannah project
Summary
The Senate Finance Committee approved HB 1116 (as amended), HB 52 and HB 1132 unanimously and approved HB 1209 by 6–1; HB 1209 offers a sales-tax refund tied to a $276 million Savannah expansion. Other conservation and timber-related proposals were discussed but not voted today.
The Georgia Senate Finance Committee on Tuesday approved a package of bills covering local tax rules, housing and a large economic development incentive and deferred final action on two conservation and timber tax proposals.
The committee unanimously passed HB 1116 as amended after senators agreed to delete redundant language brought over from the House and to preserve existing sales-tax caps, a sponsor said. Committee members clarified that the bill does not broaden the sales tax base and that revenue streams to local governments would not be reduced; the amendment deleting lines identified by…
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