Bill Analysis: House Bill 386 (LC 34 3484S) | Tax Package

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.

 

Related Blog Post:

Tax Bill Takes Small Steps in the Right Direction

 

Support GBPI Today

The Georgia Budget & Policy Institute is a 501(c)3 organization. We depend on the support of donors like you. Your contribution makes the work that we do possible.
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Related Posts

2 thoughts on “Bill Analysis: House Bill 386 (LC 34 3484S) | Tax Package”

  1. Pingback: Fact Sheet on House Bill 386 – 2020 Georgia

  2. Pingback: The 2012 Georgia Legislature Review | Georgia Budget and Policy Institute

Leave a Comment

Your email address will not be published. Required fields are marked *

Subscribe to our Newsletter