US EditionGeorgia lawmakers approve $300M in farm and timber tax breaks after Hurricane Helene
- Georgia lawmakers approved nearly $300 million in tax breaks for farmers and timber owners affected by Hurricane Helene, addressing damage from the storm in September 2023.
- The bill, now awaiting the approval of Governor Brian Kemp, exempts federal crop insurance and disaster payments from state income taxes.
- Tax breaks include credits for timberland replanting and waiving state and local sales taxes for rebuilding structures.
- Approximately $862 million was previously allocated for Hurricane Helene relief efforts, and the total tax breaks could significantly aid local communities impacted by the storm.
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A LOOK BACK: Hurricane Helene made landfall nearly six months ago
Wednesday, March 26 marks six months since Hurricane Helene made landfall. The National Hurricane Center says Helene caused $78.7 billion in damages across the U.S. Watch the video to take a look back at the devastation we've been covering from the hardest-hit communities. BROADCAST TRANSCRIPT:We are approaching the six-month mark of Hurricane Helene, a catastrophic storm that leveled parts of Taylor County and destroyed the lives of hundreds of…
·Tallahassee, United States
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Associated Press News+22 Reposted by 22 other sources
Georgia lawmakers approve $300M in farm and timber tax breaks after Hurricane Helene
Georgia lawmakers are approving tax breaks for farmers and timber owners harmed by Hurricane Helene that could be worth nearly $300 million.
·United States
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