As of Monday, April 14, 2014
© Copyright 2014
Gwinnett Daily Post
ATLANTA — Gov. Nathan Deal on Monday signed legislation to extend the statewide back-to-school tax-free holiday and appliance tax-free weekends for two more years.
Deal signed it during visits to Georgia Tech and the Atlanta Food Bank, and extends the Georgia Jobs and Family Tax Reform Plan originally signed into law in 2012.
“The sales tax holidays will allow Georgia’s families to save money on those necessary items for school and on appliances that will help conserve Georgia’s energy resources,” Deal said in a press release. “This tax reform package has made our state a better place to work and raise a family, and I will continue my commitment to maintaining our status as having one of the lowest per capita taxpayer burdens in the country.”
Estimates indicate that over the two-year time period the two-day back-to-school holiday, which this year is Aug. 1-2, will save Georgians up to $143 million and the energy efficient household appliance tax holiday, which is Oct. 3-5, will save taxpayers $2.6 million.
The bill also provides a new sales tax exemption for Georgia’s food banks, an initiative that will help sustain charitable service across the state, saving an estimated $2.5 million over two years.
“I strongly believe in the mission of our local food banks,” Deal said. “With their help, we have been able to actively fight against hunger, serve those less fortunate and assist with disaster relief. It is my hope that this tax exemption will make room for a significant amount of growth and progress for those organizations.”
In addition, House Bill 958 extends the tax credit for video game production companies and provides an extension of the project of regional significance sales tax exemption.