Deal outlines changes to tax code legislation

Gov. Nathan Deal today outlined changes he is seeking to HB 821, legislation that would update the Internal Revenue Code.

"I’ve listened to Lt. Gov. Cagle, Speaker Ralston and members of the General Assembly regarding changes to Georgia’s tax code,” said Deal. “In light of those discussions, I am proposing adjustments to HB 821, which updates the Internal Revenue Code (IRC). I’m moving ahead with IRC legislation for 2017, which provides tax relief for Georgians by conforming to federal tax regulations. It will also help our state be more competitive by eliminating the sales tax on jet fuel, which will encourage airlines to fly additional direct flights from Georgia to destinations around the globe. Georgia and our businesses are global competitors, we need direct air travel to provide our companies with immediate access worldwide. By removing the sales tax on jet fuel, we can level the playing field for our airports and airlines to compete.

“The sooner this legislation is passed, the sooner Georgians will be able to file their returns and receive their refunds. Separately, I’ve asked the Office of Planning and Budget to work with the Fiscal Research Center to assess different components of the federal tax bill and their potential impacts if applied at the state level. Once that analysis is available, I’ll provide further information and parameters to House and Senate leadership for their consideration.”