Georgia Special Council on Tax Reform and Fairness Releases Report: Proposes Broader Consumption Taxes and the Elimination of Tax Credits in Lieu of Lower Income Tax Rates

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The Special Council on Tax Reform and Fairness for Georgians (the Council) released its Report (the Report) on January 7, 2011. The Council was formed to review the tax code for fairness and to recommend a new tax structure to stimulate the Georgia economy. Unlike many other jurisdictions’ tax reform committee recommendations, the Council’s recommendations must be referred to a newly created state legislative committee, the Special Joint Committee on Georgia Revenue Structure (the Committee). The Committee is required to introduce legislation during the 2011 session incorporating the Council’s recommendations “without significant changes.” If the Committee passes the legislation containing the Council’s recommendations, then the Georgia legislature must vote the legislation up or down without amendment. State lawmakers are not permitted to pick and choose among the recommendations.

Specific Areas of Recommendation

In general, the Report recommends expanding the sales tax base to services; reducing or eliminating tax preference items; and reducing personal and corporate income tax rates.1

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