You are currently viewing Georgia Gov. Brian Kemp signs $75 million in tax breaks for people who donate to police

Georgia Gov. Brian Kemp signs $75 million in tax breaks for people who donate to police

Gov. Brian Kemp on Monday signed a measure into law creating a state tax credit allowing Georgians and corporations to target taxes they would normally pay into the state treasury to support local law enforcement.

Senate Bill 361 was pushed by Lt. Gov. Geoff Duncan, who, while serving in the state House, authored a similar tax credit that has pumped money into struggling rural hospitals.

SB 361 makes $75 million a year available in state income tax credits to Georgians who donate to local law enforcement foundations.

Duncan has said the tax credit proposal is a response to rising crime and the need to better fund police departments and sheriffs’ offices.

The tax credits would be capped at $5,000 per individual ($10,000 per married couple) and 75% of a corporation’s tax liability.

Police and sheriffs’ offices would be required to allocate the money to do things such as provide bonus

..... (Read more by following the post link below)

This post was originally published on this site

Also See...