Updated By: Winnie Wright
Updated: April 14, 2013, 11pm
Valdosta, GA - House Bill 958 will revive sales-tax exemption for food banks worth $2.5 million statewide over the next two years. The bill renews a previously expired sales tax exemption on bulk food purchases.
Second Harvest Food Bank in Valdosta stands to save about $100,000 each year in sales tax. Eliza McCall, Chief Marketing Officer for the food bank says the money it saves will instead go back to the community, where it belongs.
"Our agencies will be impacted because we will be able to provide more food to them. We estimate upwards of 400,000 pounds of food that we will be able to distribute", says McCall.
The Governor's office says the bill is a direct result of the Governor's Competitiveness Initiative and is a continuation of the Georgia Jobs and Family Tax Reform Plan originally signed into law in 2012.
News Release: Associated Press News
ATLANTA (AP) -- Georgians can count on at least two more years of tax-free shopping holidays for school items and energy-efficient appliances.
Gov. Nathan Deal on Monday signed the extension into law after it was approved by the Legislature earlier this year. It designates tax-free weekends for back-to-school shopping Aug. 1 and 2 and for energy-efficient dishwashers, refrigerators and other appliances Oct. 3-5.
Officials estimate the combined two years of tax breaks will cost the state roughly $145 million.
The tax measure Deal signed also includes a sales-tax exemption for Georgia food banks worth an estimated $2.5 million over two years.