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A Georgia legislative committee is considering eliminating the state's $16 billion income tax.

Proponents argue the move would boost economic competitiveness and help residents living paycheck to paycheck.

To offset the revenue loss, lawmakers are reviewing $30 billion in existing tax credits and exemptions.

A state legislative committee is eyeing cutbacks in $30 billion worth of tax credits and tax exemptions to offset the potential elimination of an income tax that generates $16 billion for state government.

“It is not a question of if we go to zero, it’s when and how we take our income tax to zero,” said Sen. Blake Tillery, R-Vidalia, leader of the Special Committee on Eliminating Georgia’s Income Tax. “It’s an issue of competitiveness.”

Senators heard Monday f

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