Lawmakers Hope to Revive Stalled Tourism Tax Break

4:19 PM, Feb 26, 2013   |    comments
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SAVANNAH, Ga. (AP) - A tax break aimed at jump-starting new tourist attractions in Georgia has yet to be given to a single project in the two years since it was passed, a problem that lawmakers are now trying to fix.

Lawmakers passed the Georgia Tourism Development Act in 2011 to help spur development of new museums, water parks and convention hotels in the state. The law allows approved projects to keep a portion of the sales taxes they collect for 10 years.

But the rebate has been stuck in bureaucratic limbo with state regulators saying they can't implement the law without changes. A revised version passed a House committee last week and is awaiting a vote by the full House.

Republican Rep. Ron Stephens of Savannah, the bill's author, says the tax break will be a "massive tool" for creating jobs.

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