A large scale review of the tax breaks that the state gives businesses as an inventive to do business in Georgia is set to get underway.
The chairmen of the two legislative committees responsible for tax policy will co-chair the effort.
They include Senate Finance Committee Chairman Chuck Hufstetler of Rome ad House Ways and Means Committee Chairman Shaw Blackmon of Bonaire.
Athens Senator Bill Cowsert is among several members of the committee which is tasked with ensuring taxpayers are getting a good return on the investment.
Georgia’s tax credits have posted a mixed record when it comes to bang for the buck. While the popular film tax credit – the state’s largest and most expensive – has vaulted the Peach State into a leadership position in the film industry, other tax credits haven’t paid off nearly as well. In some cases, audits have shown the jobs tax credits have generated likely would have been created anyway.
The review, which will include public meetings, will take place during the remainder of this year so that any legislative changes that may be proposed could be considered during next year’s General Assembly session.
