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HB 0208 - Revenue and taxation; eliminate state income tax; provisions

Tracking Level: Monitor
Sponsor: Kirby, Tom 114th
Last Action: 2/9/2015 - House Second Readers
State Code Titles: 48
House Committee: W&M
Assigned To:
Finance - TaxationNext Bill

Staff Analysis of the Legislation

HB 208 (Reps. Kirby, Caldwell, Turner, BAttles, Cantrell, and Kelly-R)

Amends multiple current code sections to abolish the current state income tax and replace it with a 7.5% state sales tax and caps the agregate amount of all excise taxes imposed in O.C.G.A. ยง 48-13-51 and all sales and use taxes at 17.5%.  It also provides provisions for a monthly sales tax rebate for families in poverty and procedures for such families to apply for these rebates.

 


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text