Monday, October 20th, 2014

Promises about Corporations on Deal-O-Meter

Will cut corporate income taxes by one-third

Said he will cut the state's corporate income tax from 6 to 4 percent. "We need to give businesses in Georgia every possible incentive to create new jobs as well as preserve the jobs we have now. "

Initially exempt some startup businesses from corporate income taxes

Said he will cut the corporate income tax for new small businesses in their first decade

Eliminate the corporate net worth tax on businesses

"Corporate net worth taxes penalize growth and development of wealth in Georgia, and as Governor, Nathan Deal will work to eliminate this duplicative layer of taxation. By doing so, the state will send a strong signal to current and prospective businesses that Georgia is an ideal place to call home and provide an environment in which to grow. Loss of revenue would be minimal to the state and would quickly be replaced by a stronger corporate presence and improved environment within which growth and development will be encouraged."

Eliminate net worth tax

"Corporate net worth taxes penalize growth and development of wealth in Georgia, and as Governor, Nathan Deal will work to eliminate this duplicative layer of taxation. By doing so, the state will send a strong signal to current and prospective businesses that Georgia is an ideal place to call home and provide an environment in which to grow. Loss of revenue would be minimal to the state and would quickly be replaced by a stronger corporate presence and improved environment within which growth and development will be encouraged."

Eliminate business inventory tax

"Nathan Deal will work to eliminate this regressive tax to allow businesses to grow absent this additional burden and layer of taxation by allowing local governments to elect to extend current Freeport exemptions to more goods, regardless of who holds the inventory or the destination to which it is shipped."