Republican gubernatorial candidate Nathan Deal fulfilled his pledge to release his tax records Thursday as his rival Roy Barnes had four months earlier.
The former North Georgia congressman, who listed his net worth at $2.5 million on his financial disclosures, put 29 years worth of his income tax records online after 6 p.m. He released only 1040 forms, which offer a basic overview, however, not the detailed supplemental forms that show the specific revenue streams from specific businesses and properties.
The more detailed forms might shed light on his financial interest in a salvage business in Gainesville — questions about those interests led to a congressional ethics investigation.
Campaign spokesman Brian Robinson did not say whether Deal planned to give the same detailed accounting as Barnes, but said the 1040 forms, combined with the financial disclosures to the state Ethics Commission and to Congress gave a complete financial picture.
“It shows how much he made and how much he paid in taxes,” Robinson said. “It shows what he owns.”
The congressional and state disclosure forms show a candidate’s property and financial interests but are vague on percentages and income. For instance, his congressional disclosure shows Deal making between $50,000 and $100,000 in dividends in 2009 from the auto salvage business in which he is a partner. He also got between $15,000 and $50,000 in rental income from the salvage business.
Deal and his business partner Ken Cronan operate a salvage yard in Gainesville that for nearly 20 years had a no-bid agreement with the state to provide space for inspections of rebuilt vehicles. The AJC reported in August 2009 that Deal intervened with state Revenue Commissioner Bart Graham Graham and other state leaders to stop Graham from changing the program that earned Deal and Cronan’s company nearly $300,000 a year.
The AJC report led to a congressional ethics investigation that found Deal possibly violated U.S. House rules. Deal resigned from Congress in March to run for governor before any formal accusation was made.
The Atlanta Journal-Constitution reported in July that a federal grand jury subpoenaed Graham over a meeting he had with Deal about the former congressman’s lucrative longstanding business relationship with the state.
Deal said he did nothing wrong and told reporters that, as far as he knows, he’s not the target of a federal investigation.