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Posted: April 11, 2011 5:03 p.m.

State tax overhaul dead for session

ATLANTA - A tax overhaul that Republicans had promoted as a key part of their agenda appears to be dead for the legislative session.

A joint legislative panel signed off on the bill Monday morning and it appeared headed to a full House vote the same day.

But the House adjourned without taking up the measure, which effectively kills it for the session.

Monday was the last day for the House to vote on the bill in order for it to be taken up by the state Senate before the session's end.

The plan would have reduced the personal income tax rate from 6 percent to 4.6 percent in 2012, which would rip a $130 million hole in state revenue for the fiscal year that begins July 1.

 

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