Seniors to be tax-exempt? - WALB.com, Albany News, Weather, Sports

Seniors to be tax-exempt?

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Phoebe foundation receives donation for medical student housing

    Phoebe foundation receives donation for medical student housing

    Thursday, July 31 2014 11:25 PM EDT2014-08-01 03:25:30 GMT
    Lauren Ray, Phoebe Foundation Executive DirectorLauren Ray, Phoebe Foundation Executive Director
    A generous donation will help build a $5 million medical student housing facility on Phoebe Putney Memorial Hospital's campus.The Richard King Mellon Foundation donated $1 million to the Phoebe Foundation for the proposed 25-unit gated community. More >>
    A generous donation will help build a $5 million medical student housing facility on Phoebe Putney Memorial Hospital's campus.The Richard King Mellon Foundation donated $1 million to the Phoebe Foundation for the proposed 25-unit gated community. More >>
  • Dougherty County School System has Open House

    Dougherty County School System has Open House

    Thursday, July 31 2014 11:19 PM EDT2014-08-01 03:19:35 GMT
    Valerie Williams, Radium Springs Middle School PrincipalValerie Williams, Radium Springs Middle School Principal
    Dougherty County parents and students got to meet old and new faces at their schools this evening.The school system held an open house at each school for families to meet the staff and learn what to expect for the upcoming school year.More >>
    Dougherty County parents and students got to meet old and new faces at their schools this evening.The school system held an open house at each school for families to meet the staff and learn what to expect for the upcoming school year.More >>
  • Law enforcement and first responders collaborate for "National Night Out"

    Law enforcement and first responders collaborate for "National Night Out"

    Thursday, July 31 2014 11:14 PM EDT2014-08-01 03:14:28 GMT
    Imaya FreeloveImaya Freelove
    First responders reached out to the community Thursday night to build better relationships and help kids get ready for school.For the first time, all the law enforcement and first responder agencies in Dougherty County worked together on a National Night Out event. More >>
    First responders reached out to the community Thursday night to build better relationships and help kids get ready for school.For the first time, all the law enforcement and first responder agencies in Dougherty County worked together on a National Night Out event. More >>

December 21, 2006

Valdosta  --  With rising health care costs and higher prescription prices, senior citizens feel more pressure on their wallets. A proposed bill is aimed at providing financial relief to retirees and making Georgia an attractive place to live.

Every year Georgia loses senior citizens to neighboring states. "We lose a lot of them who reach the age of 62 or 65 who move to Florida or move to Tennessee, where they can get away from the state income tax," said Lt. Gov Elect, Casey Cagle.  

Cagle says the state is feeling the loss. "These are the people who volunteer in our schools, volunteer in our hospitals."

He and state senator Tim Golden are working on a bill they hope will keep senior citizens close to home.  "Between 62 and 70 would get up to $75,000 excluded exemptions on retirement income. Anyone over 70, it would be capped at $100,000," said Golden.

If it becomes law, they hope the it will attract residents wanting to flee Florida's hurricane season but still live in a warmer climate. And they believe South Georgia will benefit. "People in Florida don't pay a state income tax, but our taxes are basically level. This would help push it to Georgia and bring a lot of retirees to Georgia."

They also say the bill will add some relief to senior citizens paying high health care and prescription fees. A similar bill failed to win passage last year. The measure is being amended this year, and they hope it will win approval and become law.    

Feedback: news@walb.com?subject=Cagle-Golden/AE