Georgia’s small business community has responded positively to a recent proposal from Lt. Gov. Burt Jones to examine the possibility of eliminating the state income tax. The plan would focus on reducing or phasing out income taxes on the initial portion of earnings for many residents.
Hunter Loggins, the state director for the National Federation of Independent Business (NFIB) in Georgia, stated that such reforms could benefit small business owners facing higher operating costs, inflation, and ongoing workforce issues.
“Most small businesses pay taxes through the owner’s personal income tax,” Loggins said. “Lowering or eliminating income taxes on the first dollars earned would help entrepreneurs reinvest in their businesses, hire workers, and plan for the future.”
Loggins also emphasized that any changes to tax policy should be implemented with fiscal responsibility in mind. He advised lawmakers not to offset lost revenue by increasing sales taxes, property taxes, or imposing new fees on small businesses.
“Georgia has a strong reputation as a place to do business,” he said. “Innovative tax reform can help keep the state competitive while supporting job creation and economic growth on Main Street.”
