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By Aaron Gould Sheinin
Georgia House members on Thursday gave final approval to legislation that makes permanent a multi-million dollar tax break for luxury jetmaker Gulfstream.
House Bill 933 makes permanent a tax exemption on parts and equipment used to repair and maintain aircraft registered outside of Georgia. Gulfstream and other companies that do such repairs pushed to make the exemption permanent.
Gulfstream contributed $15,000 to the House Republican Caucus' leadership fund Jan. 22, about two weeks before the bill was filed.
The state estimates the tax break will cost taxpayers $29 million to $40 million a year. Supporters say the tax exemption was due to expire this year and is necessary to keep an important employer in the Savannah area.
The House voted 156-12 to send the bill to Gov. Nathan Deal's desk.
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