State & Local Government Policy, Business and Technology

First Trump-era bill in Ga. could tax cash sent home

AJC.com: The state Capitol may be about to see its first piece of Trump-era legislation – a bill that advocates say could raise as much as $100 million annually by slapping a tax on the cash that foreigners, including illegal immigrants, send home.

David North of the Center for Immigration Studies, a conservative, low-immigration think-tank, points to legislation that has not yet been filed, but already has a sponsor: State Rep. Jeff Jones, R-Brunswick. From the CIS website:

The bill would bring to Georgia a system that has worked well in Oklahoma for years. It would place a 2 percent fee on all personal (not corporate) wire transfers of money sent out of state. The 2 percent would be returned to the payers when they filed their income tax returns, either as a credit toward their tax or a refund if the sender’s income is low enough….

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