Income taxes for Georgia residents and businesses are set to fall after the state Senate gave final passage to a pair of tax cuts Wednesday.
House Bill 1015, which passed 40-12, would accelerate an already-planned income tax cut for individuals. House Bill 1023, which passed 34-17, would decrease the corporate income tax rate to match that of individuals. Both measures head to Republican Gov. Brian Kemp, who is expected to sign them into law.
“We are continuing to conservatively manage our budget and put money back in the hands of Georgians,” said Sen. Bo Hatchett, a Cornelia Republican who is Kemp’s floor leader.
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