Bill to Increase Georgia Tax Collections Could Move Quickly
Georgia lawmakers are nearing a deal to tighten sales tax collections by online marketplaces such as eBay and Etsy. House Bill 276 went to a conference committee with senators on Tuesday.
It remains to be seen just how many online sellers could be affected. Georgia's tax collections have lagged badly since the Republican-led legislature cut the state's top income tax rate last year.
Lawmakers had projected $800 million more in revenue for this year's spending plan. Gov. Brian Kemp has ordered midyear budget cuts of 4%, with a plan to deepen cuts by another 2% in the next budget year.