The annual Georgia Tax Expenditure Report provides a comprehensive listing of the state’s statutory provisions that promote quality of life and economic growth through tax incentives.
Tax expenditures are tax credits, deductions, and exemptions that reduce state revenue. They can include everything from poverty-reducing income tax credits to broad sales tax exemptions to targeted deductions for businesses that promote economic development.
Tax expenditures represent a cost to state treasuries, just like direct spending for schools and health care, and are an incentive tool states can use to accomplish policy goals. The Georgia Tax Expenditure Report itemizes the state’s existing tax expenditures and provides estimates of their cost to the state’s taxpayers.
Read the report here.