Gulfstream tax break receives final passage in Ga.

6:13 PM, Apr 14, 2011   |    comments
Gulfstream 550 luxury jet
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The Conversation



ATLANTA (AP) - A bill that extends a hefty tax break for Savannah, Ga.-based Gulfstream Aerospace is headed to Gov. Nathan Deal's desk.

The bill squeaked by in the House Thursday after Speaker David Ralston cast the deciding vote.

The state Senate tacked on an amendment providing a tax break for tourist attractions,

Rep. Ron Stephens, a Savannah Republican, said it encourages tourist attractions in the state "similar to Disney World."

But Republican state Rep. Mark Hatfield, of Waycross, said it allows tourist attraction owners to profit from pocket sales tax collections.

The Gulfstream tax break will cost the state $4.2 million in lost tax revenue in 2012.  It extends until 2013 the tax break on the sale of aircraft parts repaired or maintained in Georgia.

(Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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