Archive for the ‘taxes’ Category
Gwinnett County v Gwinnett’s Cities…
Effective on March 1st, the issue between Gwinnett and 15 of its cities has been upgraded by the State of Georgia. The 15 cities and Gwinnett are now listed with the state as No Longer Qualified Local Governments.
Flashback Friday and the County Assessors facing reality
Last year I wrote about Senate Bill 55 in the Georgia Senate. Basically, the bill required the Counties to include foreclosures in assessments. Previously, assessments for taxes excluded foreclosures, so they (falsly?) increased values and tax revenue to the counties.
While that makes it tough for the counties, it is a needed break for home owners. The counties complained that they would lose revenues… well, the people are losing revenue, too. They have to suck it up.
In the last year, the bill quietly passed and was signed into law by Governor Sonny Perdue.
Here is the link to the original post.
Calling Private Briscoe… Gwinnett Airport
The Gwinnett County Commission is looking at an offer to privatize Briscoe Field. Currently, the county owns and runs the airpost, near Lawrenceville, off GA316. It has an operating budget of about $1,000,000/year. All of the money generated in fees and leases have to be plowed back into the budget for the airfield.
The New Tax Credits are Here…
The first thing that came to my mind was Steve Martin in The Jerk.
The new phone books are here!
The new phone books are here!
One step away from Tax Credit Extension…
Today the House passed the Unemployment Extension Bill by a vote of 403-12. Yesterday the Senate Bill passed 98-0. I think it is a slam dunk that the President will sign this legislation in the near future.
The new version of the Homebuyer’s Tax Credit still has the $8000 for First Time Homebuyers, as the version expiring November 30th had. It also allows $6500 for “move-up” buyers, provided they have been in their home more than 5 years. There is an income cap of $125,000 for individuals and $225,000 for couples. Also, there is a price cap of $800,000 for the purchased home.
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