Along with legislators in nearly two dozen states, Georgia lawmakers ushered in the 2018 legislative session this week. On Jan. 11, Gov. Nathan Deal plans to give his final State of the State address and release his fiscal year 2019 budget.
Among the issues expected to cross Georgia legislators’ desks: the impact of federal tax changes to the state budget, funding and governance of local transportation agencies, and aid for rural Georgia.
We’ve prepared a list of guides and reports, including a brand-new publication looking at the evaluation of state tax incentives, from the Fiscal Research Center (FRC), that will help you navigate the session.
Economic Landscape for 2018 Georgia Legislative Session: The economic landscape for the 2018 legislative session is summarized in this report. The analysis includes a look at employment growth (albeit at relatively lower income jobs), real median income growth (still struggling to reach pre-Great Recession levels), and the potential impact of various federal tax changes in Georgia. Download.
Georgia’s Taxes: A Summary of Major State and Local Taxes, 24th Edition: This go-to resource for policymakers is designed to give a quick overview of all major state and local government taxes in Georgia. The report includes information about the tax base, historic revenue trends, as well as a brief history of major tax changes and comparisons of selected tax rates to other southeastern states. Download.
Georgia’s Rankings Among the States 2018: This yearly guide includes a collection of metrics and state rankings that compare Georgia to other states across the nation. See where Georgia ranks in state and local government revenue and expenditures, population growth, in-state tuition, state motor fuel taxes, and much more. Download.
Evaluating State Tax Incentives: This report discusses the purpose of an incentive evaluation, the types of incentives that should be included in an evaluation strategy, the types of evaluations that are commonly performed, as well as criteria for tax incentives. Researchers also present five reviews conducted by the Fiscal Research Center for the 2017 Senate study committee.These include the Historic Rehabilitation Tax Credit, the Diesel Particulate Emission Reduction Technology Equipment Tax Credit, the Driver’s Education Tax Credit, the Research and Development Tax Credit, and the Qualified Transportation Tax Credit. Download.