Officials Say Referendum Would Help Businesses
Press release from the issuing company
Tuesday, October 26th, 2010
Referendum A, an initiative designed to bring Georgia more in line with the rest of the nation, is the only referendum on the state’s Nov. 2 ballot, and joins five proposed constitutional amendments.
If approved by the voters, the referendum would end the state property tax on business inventories.
The referendum officially reads: “Shall the act be approved which grants an exemption from state ad valorem taxation for inventory of a business?”
Georgia is currently one of six states that levies a property tax on business inventory.
