World News – FI – The New Georgia House plan provides for a higher sports betting tax

ATLANTA (AP) – A Georgia House panel is hoping to propose a bill that will increase taxes and license sports betting

The House Economic Development and Tourism Committee previously passed a bill to legalize the practice’s profits and tax accountants at 14 percent

The committee approved a revised version on Monday that would tax profits at 20 percent. A competing Senate bill would tax profits at just 10 percent

Republican Rep Ron Stephens of Savannah, who is sponsoring the bill, previously said he wants a tax rate between 10 and 20 percent

The bill provides that Georgia Lottery Corp Licensing Sports Betting After the companies paid profits, the state would tax the rest. Stephens estimated taxes would raise more than $ 30 million annually on college scholarships and preschool classes

Georgia