In the final days of the 2012 legislative session, the General Assembly passed an omnibus tax bill, HB 386,that falls short of the comprehensive tax reform Georgia needs to bring the tax system into the 21st century. While it exhibits some prudence by acknowledging the importance of revenues, HB 386 essentially combines a series of recycled proposals – most of them tax breaks or incremental reforms attempted before – into a single large package.
The package does include some positives, but frankly, HB 386 is merely a small step forward for tax reform in Georgia, rather than the end of the process. To provide Georgians with a modern tax system capable of funding the state’s ever-growing needs, lawmakers must return to the well in coming years and address the issue once again. The work is not done and requires the political will to pass comprehensive reform. Download the Bill Analysis.
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