Perdue Rejects Business Tax Breaks
(Atlanta Business Chronicle) —
Gov. Sonny Perdue vetoed two bills Tuesday championed by Republican legislative leaders as ways to give Georgia’s sagging economy a jump-start. On the final day for the GOP governor to act on legislation passed by the General Assembly this year, Perdue nixed the Jobs, Opportunity and Business Success Act of 2010, a series of initiatives that included a 50 percent reduction in the long-term tax on capital gains and tax credits for “angel investors,” high net-worth individuals who typically invest in technology startups.
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