Reports on two of the Fiscal Research Center’s recent tax preference evaluations have appeared in The Atlanta Journal Constitution.
The first looks at the so-called Georgia jobs tax credit, which is a corporate recruitment tool that aims to brings jobs to the state. The second looks at the retirement income exclusion, a tax break on pensions and other retirement income for Georgia’s seniors.
These analyses were requested by the Senate Finance Committee and the House Ways and Means Committee to examine the financial and economic impacts of several major tax preferences in Georgia to see if they work as lawmakers intended. This interest is the result of 2021 legislation that allows the tax-writing committees to request evaluations as a way to ensure more fiscal accountability.
For other FRC tax evaluations, check out the impact of Georgia’s low-income housing tax credit.