Monday, February 23, 2015

Georgia lawmakers to take up sweeping tax overhaul

A bill reducing Georgia's income tax while raising the sales tax was introduced Monday in the state House of Representatives. The most far-reaching tax reform legislation lawmakers have undertaken in three years would drop the state income tax from 6 percent to 4 percent during a three-year period starting in 2016. Georgia's sales tax would increase from 4 percent to 5 percent, effective Jan. 1, 2017. The legislation also would charge sales taxes on groceries in Georgia for the first time in decades…

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