Haven’t posted lately — been busy trying to find a sweetheart land deal in Florida, but I can’t get Stan Thomas to cut me in. I have been checking the site — Will Warren’s work is great, even if I don’t agree with his perspective all of the time.
I’m sure everyone read Jay Bookman’s column in the AJC yesterday. Looks like Sonny’s losing cover on his personal tax break. The Department of Revenue didn’t ask for the tax cut to be pushed back an additional year, but Sonny did…
A few highlights…
The evidence is conclusive: In 2005, Georgia legislators quietly smuggled language into an otherwise routine tax bill that gave one particular Georgia taxpayer a special tax deferral worth more than $100,000.
The taxpayer in question was Gov. Sonny Perdue, the man who signed the bill into law on April 12, 2005, and shortly thereafter signed his state tax return taking advantage of that special legislation.
That chain of events represents a serious abuse of public power for private gain, and the victims of that abuse were Georgia taxpayers.
Then things got interesting.
On March 22, HB 488 was mysteriously recommitted to the Finance Committee, then chaired by Sen. Casey Cagle (R-Gainesville). Back in committee, only one seemingly minor change was made to the bill — changes affecting capital gains taxes from the sale of property were suddenly made retroactive all the way back to Jan. 1, 2004, more than a year earlier. Although only a few knew it at the time, that minor change meant big money for Perdue, whose land transactions now fell under the new law.
Cagle, who has since become the Republican candidate for lieutenant governor, said in an interview Tuesday that the Department of Revenue had requested the change making those provisions retroactive.
However, that is contradicted by Graham, who says his department made no such request.
“I was just informed that the bill was going to change,” Graham told me, stressing that he neither opposed nor requested the change.
In the end, the only provisions of the 24-page, 27-section bill retroactive to Jan. 1, 2004, were the two provisions needed to let Perdue defer more than $100,000 in state taxes.
This is all from the AJC, 8/31/06.
Stay tuned…..Wonder if Casey is going to get dragged down with this too?