The Public Finance Research Cluster’s Fiscal Research Center annually produces the Tax Expenditure Report for the State of Georgia. The report provides a comprehensive listing of the state’s statutory provisions—tax credits, deductions, and exemptions that reduce state revenue—to promote quality of life and economic growth through tax incentives.
Tax expenditures can include everything from poverty-reducing income tax credits to broad sales tax exemptions to targeted deductions for businesses that promote economic development.
Just like direct spending for schools and health care, tax expenditures represent a cost to state treasuries and are an incentive tool states can use to accomplish policy goals. The Georgia Tax Expenditure Report itemizes the state’s existing tax expenditures and provides estimates of their cost to the state’s taxpayers.
Read the newest report here.
