Monday, November 7, 2011

UPDATE: Thank you for your Service, Now get outta the way!

On April 25, 2012, with the Governor's signature, Georgia joined in the interstate compact on education opportunity for military children. Thank you, ...

• Governor Deal has been successful in stymieing the passage of SB 219 - Interstate Compact on Education Opportunity for Military Children. What this bill does is allow military children who transfer into a Georgia schools due to their parents being reassigned to a military installation in the state to progress to the next grade and/or graduate whether or not they have completed Georgia specific courses. Thirty nine (39) states have passed the law – why won’t Gov Deal? We all need to write to the Governor expressing our displeasure with his position and encourage him to support the bill.

...but, while the signing of the tax bill helps corporations, for retirees, not so much. (see http://timesfreepress.com/news/2012/apr/23/money-flowed-tax-vote/ )
• HB 1055 - Georgia Taxpayer Relief Act of 2010. Among other things, it established the exemption of retired pay from state income tax. The exemption is incrementally enacted. HB 387 - Revenue and Taxation; Revenue Structure; Comprehensive Revision seeks to repeal the law - Georgia Taxpayer Relief Act of 2010 - plus has other fairly significant tax code changes. I would strongly encourage all to contact their State Representative and State Senator and express their opinion concerning these tax changes. The current exemption is $35,000 and goes to $65,000 on January 1, 2012

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