Gov. Deal signs legislation to extend tax-free holidays - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Gov. Deal signs legislation to extend tax-free holidays

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ATLANTA (WTOC) -

On Monday Georgia Gov. Nathan Deal signed House Bill 958, legislation that extends statewide back-to-school tax-free holiday and ENERGY STAR and WaterSense appliance tax-free holiday weekends for another two years.

The bill is a direct result of the Governor's Competitiveness Initiative and a continuation of the Georgia Jobs and Family Tax Reform Plan that was signed into law in 2012.

The fiscal note estimates the back-to-school weekend will save Georgians up to $143 million over two years and the energy efficient appliance weekend will save taxpayers $2.6 million.

The bill will also provide a new sales tax exemption for Georgia's food banks. This initiative will help sustain charitable service across the state and save an estimated $2.5 million over two years.

The bill also extends the tax credit for video game production companies and will provide an extension of the project of regional significance sales tax exemption.

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