Georgia Senate Passes New Tax Bill
Savannah News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Georgias Senate passes a new tax bill, House Bill eleven sixteen, which replaces rising property taxes with a one percent sales tax in special districts. This sales tax will help reduce homeowner property bills and cap property tax hikes at three percent or the federal Consumer Price Index. The bill, which passed along party lines, aims to ease the burden on homeowners, but has been criticized for potentially disproportionately affecting low-income households and renters. The bill now heads back to the House for final approval.
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