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Delta tax break heads to Ga. governor

10:11 PM, Apr 14, 2011   |    comments
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The Conversation

 

 

ATLANTA (AP) - Delta Air Lines could save up to $30 million on taxes over two years under legislation on its way to Gov. Nathan Deal.

The Senate gave the bill final passage on Thursday, receding from its objections by a vote of 40-7.

Supporters say the state must work to keep Delta Georgia-based because it brings in millions of dollars in economic development.

Opponents said when the tax break on jet fuel originated six years ago, the company was facing bankruptcy but it reported more than $1 billion in profits last year and doesn't need the help now.

The bill caps the exemption at $20 million for fiscal year 2012 and $10 million for fiscal year 2013. The current tax break had been set to expire June 30.

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 This material may not be published, broadcast, rewritten or redistributed.)

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