State Budgets

Georgia Lawmakers Put State’s Tax Credits Under New Scrutiny: Nick Stark in The Augusta Press

The tax code should be complementary and it should maintain a healthy relationship between the state and local government.

How can Georgians get better returns from their current system of tax credits and exemptions? Nick Stark, ALEC Tax and Fiscal Policy Task Force Director, was featured in The Augusta Press presenting alternative perspectives for better tax incentives for companies in Georgia to improve economic prosperity based on his presentation before the Georgia House Legislative Committee.

“Government shouldn’t be picking winners and losers,” Nick Stark, director of the task force on tax and fiscal policy at the American Legislative Exchange Council, told lawmakers during a Joint Tax Credit Review Panel hearing this week.

“The tax code should be complementary; it should maintain a healthy relationship between the state and local government,” Stark added. “The state should always be mindful of how its decisions affect local government and make sure that the two are not working against each other. It should be competitive. …It should foster more economic growth in your state. Typically, that’s done through lower tax burdens that generate more economic activity.”

Read the complete coverage here.

In Depth: State Budgets

Smart budgeting is vital to a state’s financial health. The ALEC State Budget Reform Toolkit offers more than 20 policy ideas for addressing today’s shortfalls in a forthright manner, without resorting to budget gimmicks or damaging tax increases. One way to stabilize budgets over time is to embrace…

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