ATLANTA -- The Senate passed a pair of bills Tuesday using taxes to spur economic development, one a tax break for airplane owners and one a tax increase for local arts councils.
The Senate voted 42-10 to pass House Bill 234 that extends a sales-tax exemption on parts used to repair out-of-state airplanes. It will benefit companies like Gulfstream Aerospace in Savannah and Standard Aero in Augusta that repairs planes belonging to out-of-state owners who could fly them anywhere to avoid the tax.
Attached to the bill was a provision that pays developers of amusement parks, resorts and other tourism destinations one-quarter of their construction costs, which would come from sales taxes generated from the project.
The Senate passed the bill with no debate. There was considerably more debate for the arts bill.