Deal says he wants state tax changes this year

[private]Gov. Nathan Deal said Tuesday he’ll work with the Legislature this year to try to make changes in the state tax code to match recent tax cuts enacted by Congress.

“I’ve asked the Office of Planning and Budget to work with the Fiscal Research Center to assess different components of the federal tax bill and their potential impacts if applied at the state level,” Deal said.

“Once that analysis is available, I’ll provide further information and parameters to House and Senate leadership for their consideration,” he said.

Legislation has already been introduced this session, HB 821, that would make changes in the state code so as to match the federal code.

If that bill is adopted as introduced, however, the state would still realize an income tax windfall estimated at $3.6 billion over the next five years.

Deal urged lawmakers to adopt HB 821 quickly, because “The sooner this legislation is passed, the sooner Georgians will be able to file their returns and receive their refunds.”

HB 821 also would mean a $35 million tax break for Delta Air Lines and other carriers by removing the sales tax on jet fuel. Deal said he wants to move forward with that now, because he said it would “help our state be more competitive by eliminating the sales tax on jet fuel, which will encourage airlines to fly additional direct flights from Georgia to destinations around the globe.”

“Georgia and our businesses are global competitors, we need direct air travel to provide our companies with immediate access worldwide,” Deal said. “By removing the sales tax on jet fuel, we can level the playing field for our airports and airlines to compete.”

© 2018 by The Georgia Report

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Tags: Nathan Deal , state tax code