Georgia Senate Passes New Sales Tax for Homeowner Tax Relief
Savannah News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Georgias Senate approves a new bill to reduce homeowner property taxes by implementing a one percent sales tax through special districts. The sales tax revenue will directly fund property tax relief, capping property tax revenue growth at three percent or the federal Consumer Price Index. The bill, pushed by Senator Chuck Hufstetler, is expected to benefit homeowners with homestead exemptions. However, Democrats argue that it disproportionately burdens low-income households and renters, who receive no direct help. The amended bill now heads back to the House for approval.
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