ATLANTA – Gov. Brian Kemp and legislative leaders announced a plan Thursday to review all of Georgia’s tax credits later this year.
The goal is to make sure the various tax credits on the books in Georgia aimed at supporting economic development and job creation are giving taxpayers a good return on that investment.
“As the No. 1 state for business, we’re proud to welcome jobs and opportunity from a wide range of industries, and we’re grateful for policies that directly benefit hardworking Georgians,” Kemp said in a prepared statement.
“As we work with our legislative partners to review the current impact of our various tax credits, we remain committed to keeping Georgia a welcoming state for opportunity while also being good stewards of taxpayer trust.”
Lt. Gov. Burt Jones, who presides over the state Senate, and House Speaker Jon Burns joined the governor in announcing the upcoming review.
.“It is incumbent on us to ensure our tax credits continue to provide good value while keeping the tax burden on all Georgians as low as possible,” Burns said. “We will be very deliberate in this examination, and the House is committed to working with the Senate and Governor Kemp’s administration to keep Georgia the state that businesses and families want to call home.”
Jones said the state income tax cut the General Assembly passed last year was the impetus behind reviewing the tax credits.
“This effort is a key step in ensuring that all tax credit programs provide a…
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