The Special Joint Committee on Georgia Revenue Structure will vote
on a tax reform proposal containing recommendations made by the Special
Council on Tax Reform and Fairness for Georgians. The Chamber
supports the current proposal as it will reduce tax rates for all
Georgians, increase our State' competitiveness, and stimulate
job creation. In particular, the proposal:
Lowers the personal income tax rate, helping the majority of
small businesses across the State who pay taxes at this rate by allowing
them to invest more in job creation and business growth.
Helps Georgia manufacturing companies by eliminating the
sales tax on energy, removing a key competitive barrier and retaining
and attracting more jobs.
This proposal does not include a sales tax on groceries,
increase the cigarette tax or taxes on non-profits, or eliminate the
senior income tax exemption.
Support SB 17,
which creates a State Commission to review proposed and existing health
This legislation would mitigate the pending surcharge increase on
employers associated with unemployment insurance taxes. The current rate
of 35% is scheduled to increase to 100% on a
Jan. 1, 2012, and this bill would cap the increase at
Support HB 86, which eliminates the sales tax on energy used in
2010 Ballot Constitutional Amendments and State-Wide Referendum:
Support Constitutional Amendment #1:
If passed, this constitutional amendment will allow judges to modify
existing employment contracts as needed to reflect their original intent
when they are contested in a court of law.
Support Constitutional Amendment #2:
If passed, it would establish a comprehensive, statewide trauma care
network through the creation of a $10 vehicle tag fee that will provide
funding for critically needed trauma services throughout the State.
Hamilton Medical Center is a level 2 trauma care center.
Oppose Constitutional Amendment #3:
If passed, this amendment would allow the Georgia Department or
Transportation to change its accounting practices from a cash basis to a
system of accrual, letting GDOT award multi-year construction contracts on
the expectation of future revenues.
Support Constitutional Amendment #4:
If passed, it would authorize Georgia state government to enter into
multi-year performance contracts for energy-efficient retrofits of state
buildings that would be paid for by utility bill savings.
No Position Taken on Constitutional Amendment #5
Support Referendum A - State Inventory Tax:
If passed, it would eliminate the state portion of the ad valorem tax
on business inventories, which costs retailers and other businesses
millions of dollars a year and discourages companies from locating their
warehousing and distribution facilities in Georgia.