Gold Dome Live is moving!
Our new spot will allow us to get the news to you even faster and make commenting easier. Please bookmark the new site and sign up for our rss feed:
http://blogs.ajc.com/gold-dome-live/
AJC.com > Legislature > Georgia Beat > Archives > 2005 > February > 08 > Entry
Georgia companies to get tax breaks under House plan
The Atlanta Journal-Constitution
With bipartisan support, legislation to give a major tax break to Georgia-grown companies sailed through the House this morning.
The bill, which is expected to save Georgia companies almost $10 billion during the next 10 years, passed the House with only two dissenting votes.
“The message this bill sends is, we’re taking care of our own for the first time ever,” said the bill’s sponsor, state Rep. Larry O’Neal (R-Warner Robins).
O’Neal said the bill closes major loopholes that benefit out-of-state companies. He said the break for Georgia companies will be offset by the elimination of those loopholes.
Permalink | |
