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Updated: 12:07 PM Jan 30, 2009
Georgia House approves tax bill
Georgia House lawmakers have approved a bill that would fund a property tax break worth an average of $200 to $300 per household. But the legislation would eliminate the relief in future years if the economic downturn continues.
Posted: 11:50 AM Jan 30, 2009Reporter: Associated Press |
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January 30, 2009
ATLANTA (AP) -- Georgia House lawmakers have approved a bill that would fund a property tax break worth an average of $200 to $300 per household. But the legislation would eliminate the relief in future years if the economic downturn continues.
The House voted 117-55 on Friday to find $428 million to pay for the Homeowner Tax Relief Grant. Gov. Sonny Perdue slashed the money from his budget proposal. Lawmakers will have to make additional budget cuts to pay for the tax break.
Georgia is wrestling with a $2.2 billion budget shortfall.
Local governments already have sent out tax bills. Homeowners would be slapped with an additional bill if the state fails to deliver the money. The state Senate must still pass the bill.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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