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Georgia’s October tax revenues down | Georgia

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www.thecentersquare.com – By Kim Jarrett | The Center Square – 2024-11-12 09:00:00

SUMMARY: Hurricane Helene caused Georgia’s tax revenues to drop by 3.4% in October, with income tax collections falling by $119.6 million (8.7%) from the previous year. The decline was mainly due to a 36.5% decrease in individual income tax payments and a 47.4% drop in corporate income taxes. Extensions on income tax filing deadlines likely contributed to the revenue decrease. Fuel tax collections rose by $105.6 million (146.1%) due to the 2023 fuel tax suspension. While gross sales and use taxes saw a slight increase, net sales taxes dropped by 1%. Year-to-date tax revenues are down by 0.6%.

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News from the South - Georgia News Feed

President Biden pardons son Hunter Biden

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www.youtube.com – 11Alive – 2024-12-02 10:38:25

SUMMARY: President Biden granted clemency to his son, Hunter Biden, who was convicted of felony gun and tax charges earlier this year. In a statement, Biden argued that Hunter was targeted due to his relation to the president. This decision reverses Biden’s earlier stance of respecting the jury’s decision. Critics, including former President Trump and some Democrats, argue that the pardon is politically motivated, as Hunter had committed felonies and was convicted by a jury. Hunter expressed gratitude for the clemency and vowed to dedicate his life to helping others. This act comes just before Biden exits public life.

Hunter Biden was set to face sentencing on gun-related and tax convictions.

More on the story: https://www.11alive.com/article/news/nation-world/whats-next-biden-pardons-son-hunter/507-ca450947-d35c-4d40-bf71-8170fedbb4a8

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News from the South - Georgia News Feed

Congregation showing their faith is stronger than ever after Thanksgiving fire destroys church

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www.youtube.com – 11Alive – 2024-12-01 17:20:04

SUMMARY: Three days after a fire destroyed the First Pentecostal Church in Buford, Pastor Jordan Copelan affirmed the congregation’s resilience, stating that over ten local pastors offered their spaces for services. He emphasized the importance of holding church despite the loss, preaching a message titled “Living in the Fire.” Copelan shared that while the emotional impact of the fire hit him the next morning, he remains thankful for God’s grace, believing that the adversity could reveal a greater purpose for the church. He is set to meet with his insurance company, and his son has already envisioned blueprints for their future church.

Fire crews worked late Thanksgiving night to control a fire at First Pentecostal Church in downtown Buford.

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News from the South - Georgia News Feed

Rivian gets $6.6 billion to revive Georgia plant

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www.youtube.com – 11Alive – 2024-12-01 08:53:06

SUMMARY: Electric vehicle maker Rivian is resuming construction on its Georgia manufacturing plant after securing a $6 billion federal loan. The plant, which was incentivized by $1.5 billion in tax breaks in 2021, faced delays due to cost-saving measures. Expected to create 7,500 jobs, the plant has received mixed reviews from locals. Senator John Osoff highlighted that the loan and other incentives saved billions, but some residents are frustrated by water issues. If construction hadn’t restarted, state funds and investments risked being lost. The Biden administration must finalize the loan before Donald Trump potentially takes office and cuts EV tax credits.

The electric vehicle maker is preparing to revive construction on its Georgia manufacturing plant.

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