Perdue rejects business tax breaks
Press release from the issuing company
Wednesday, June 9th, 2010
Gov. Sonny Perdue vetoed two bills Tuesday championed by Republican legislative leaders as ways to give Georgia’s sagging economy a jump-start.
On the final day for the GOP governor to act on legislation passed by the General Assembly this year, Perdue nixed the Jobs, Opportunity and Business Success Act of 2010, a series of initiatives that included a 50 percent reduction in the long-term tax on capital gains and tax credits for “angel investors,” high net-worth individuals who typically invest in technology startups. (read more at Atlanta Business Chronicle)
