Friday, April 20, 2007

Sweeping Tax Reform Proposed For Georgia

Georgia House Speaker Glenn Richardson has proposed unprecidented legislation to overhaul Georgia's tax code. His plan would eliminate all state, county and city property taxes and all taxes on fuel, insurance premiums and estates. In their place, a 5.75% income tax and a 5.75% state sales tax. It would also eliminate the positions of county tax receivers, collectors and commissioners. The bill has several high-ranking co-sponsors and could come to the floor next year.