The Georgia Department of Audits and Accounts has released the Georgia Tax Expenditure Report for 2012.  This report was developed by the Georgia State University Fiscal Research Center for inclusion in the Governor's Budget Report as required by Georgia Code §45-12-75.

 

This report provides a comprehensive listing of the state’s statutory tax provisions  (“tax expenditures”)  that allow preferential tax treatment of certain types of taxpayers or activities.  Although not direct government expenditures, tax expenditures represent an allocation of government resources in the form of taxes that could have been collected  (and appropriated) if not for their preferential tax treatment.  To the extent possible, the dollar value of  each  tax expenditure has been included in this report.  It is important to  note, however, that  data  for numerous tax expenditures is not captured by the Department of Revenue.  In these instances, the lack of  available  information is either noted or an estimate, if possible, is provided.

 

County officials are encouraged to review the Sales and Use Tax section of this report that begins on page 55.  This section outlines the impact of sales tax exemptions on local government.

 

Georgia Tax Expenditure Report for 2012