HB 1055 increases registration, licensing and user fees on more than 80 services provided by the state, bringing in approximately $96 million. The increased costs to citizens affect a broad range of fees, including civil court filings, business registrations and specialty car tags. The bill also includes a 1.45 percent tax increase on hospitals and their patients, which will generate approximately $169 million and two minor tax cuts, one of which phases out the state's 0.25-mill property tax over five years, and the other of which eliminates the retirement income for Georgians 65 and older. Signed by Governor.
HB 903 extends Atlanta's hotel-motel tax to generate funding for a new domed stadium or renovation of the Georgia Dome to keep the Atlanta Falcons in downtown Atlanta. Passed House and Senate.
HB 1023 gives a small tax credit to businesses that hire unemployed workers and reduces the state capital gains tax if the state has $1 billion in reserves. Passed House and Senate.
HB 1069 makes several changes to tax laws: it eliminates the refundable portion of the low-income tax credit, re- authorizes Atlanta to charge a penny sales tax for water and sewer projects, creates a tax break for "angel investors," and includes a tax credit on the purchase of energy-efficient appliances and water-saving fixtures. Passed House and Senate.
SB 206 will require an annual review of the effectiveness of tax breaks granted by the state. Passed House and Senate.
SB 346 requires that all property owners be sent a valuation of their property each year; they will also have a longer period to appeal the valuations. Passed House and Senate.
HB 1405 creates a special committee, which includes Perdue, economists, and business leaders, to develop recommended changes in the state's tax system. These changes will be presented to the General Assembly next January. Passed House and Senate.
HB 1093 requires local governments to collect data from businesses applying for a license with the information going to Department of Revenue to help the state track and collect unpaid sales taxes. Passed House and Senate.