Wednesday, April 27, 2011
ATLANTA (AP) -- Gov. Nathan Deal has signed a hefty tax break for Delta Air Lines.
The bill Deal signed into law on Wednesday will save the Georgia-based airline up to $30 million on jet fuel taxes over two years.
Supporters say the state must work to keep Delta in the state because it brings in millions of dollars in economic development.
Opponents said when the tax break on jet fuel originated several years ago, the company was facing bankruptcy but it reported more than $1 billion in profits last year and doesn't need the help now.
The bill caps the exemption at $20 million for fiscal year 2012 and $10 million for fiscal 2013. The current tax break had been set to expire June 30.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
Have information or an opinion about this story? Click here to contact the newsroom.
Copyright WRDW-TV News 12. All rights reserved. This material may not be republished without express written permission.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.