When the Light of Day Killed H.B. 67, Consumers Dodged a Bullet!

If H.B. 67 were to pass, what would be the state’s annual take?

• Estimated benefit to the state would be an additional $350 million in new revenue.
• Since several groups of people do not file income tax returns because they are not required to do so (see below), it’s unclear whether they could or would recoup the grocery sales tax.
• The state would make a bundle on interest before remitting the four-percent from taxpayers that do file income tax returns. The interest goes to the state not to taxpayers. Bummer!
• The state would keep all taxes collected from out-of-state tourists who would dole out four percent more for groceries, making vacationing in Georgia more expensive.

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