- Collection:
- Georgia Government Publications
- Serial:
- Press release.
- Title:
- Press release [Mar. 19, 2003]
- Creator:
- Georgia. General Assembly. House. Public Information Office
- Contributor to Resource:
- Georgia. General Assembly. House. Public Information Office
- Publisher:
- Atlanta, Ga. : Georgia. General Assembly. House. Public Information Office
- Date of Original:
- 2003-03-19
- Subject:
- Georgia
- Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- publications (documents)
- Type:
- Text
- Format:
- application/pdf
- Description:
- Open access; Unrestricted online access star GAGAL
July 29, 2002B; title from Georgia Government Publications citation, viewed September 19, 2007. - External Identifiers:
- Call Number GA L412 .P1 P7 2003/3-19
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-bl412-b-pp1-bp7-b2003-s3-h19-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-bl412-b-pp1-bp7-b2003-s3-h19-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
3-1776-483
For Immediate Release:
Georgia House of Representatives Public Information Office
Room 131, State Capitol 30334 404-656-5082 1-800-282-5800
March 19, 2003
Thompson Plan Would Eliminate State Capital Gains Tax
Aims to Help Working Families Upgrade Their Homes
Atlanta Representative Curt Thompson (D-Norcross) has introduced a bi-partisan bill which would eliminate the state tax on capital gains.
If passed, HB 562, which was authored by Rep. Thompson would allow a family to sell their home at any time of the ownership and avoid paying capital gains taxes on the profits gained from the sale.
"If we pass my bill, young families in their first house, can upgrade to that second house for a growing family without paying a penalty," said Rep. Thompson.
If passed during the 2003 legislative session, HB 562 would take effect on January 1, 2004.
"Not only is this a boost for the working family wishing to upgrade their home," said Thompson, "But it could also stimulate the state's real estate economy, which would be good for Georgia in
Rep. Thompson serves on Judiciary, Special Judiciary and Industrial Relations Committees.
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For further information, contact Rep. Thompson @ 404-656-0177.