The Georgia Senate passed several tax measures this week, including a bill lowering state income tax that received significant pushback from Democrats.
House Bill 111 would lower this year’s flat state income tax rate from 5.29% to 5.19%.
This would accelerate an existing annual cut. In 2022, Georgia Gov. Brian Kemp signed HB 1437, which provided for a cut from 5.75% to 5.49% as of January 2024 and a 0.1% annual reduction thereafter until the income tax rate reaches 4.99%. Then, in 2024, Kemp signed HB 1015 to further reduce the rate of tax year 2024 to 5.39%.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
