House Bill 1437, signed into law by Gov. Kemp after a final version emerged during the last hours of Sine Die 2022, sets Georgia on course to make fundamental changes to its income tax that primarily benefit the
Tag: Income Tax
Sine Die 2022: Improvements to Health and Education Affordability Are Coming, But Risky Tax Legislation Passes, too
This year’s Legislative Session finished in a flurry of last-minute votes that extended late into the night on Sine Die, the last day the General Assembly meets each year. GBPI remained focused on our key priorities, fighting against policies that
General Assembly Considers Rewrite of State Income Tax Code, House-Passed Bill Primarily Benefits Wealthiest
Key Takeaways Members of the House and Senate are debating a series of major changes to Georgia’s personal income tax in HB 1437. Proposals to shift Georgia’s current graduated income tax, where rates increase from 1 to 5.75 percent as
House Proposes Massive Tax Cuts for Wealthiest, Slashing State Revenues | Bill Analysis: House Bill 1437 (LC 43 2318S)
Members of the Georgia General Assembly are considering House Bill 1437 (LC 43 2318S), legislation that would fundamentally change the structure of the tax code and result in disproportionately large tax cuts for the wealthiest while hundreds of
During the 2019 legislative session, the Georgia General Assembly approved 28 tax bills. Lawmakers will wait until next year to consider the legislature’s most ambitious tax proposals that include significant tax breaks and new revenues to support Georgia’s growing economy.
The Georgia General Assembly approved 16 major tax bills between January and “Crossover Day,” the deadline for legislation to clear at least one chamber to be eligible for final passage this legislative session. Georgia’s constitution requires any measures raising revenue
Adding Up the Fiscal Notes: Session Recap 2018 Georgia legislators and Gov. Nathan Deal approved 11 tax measures during the 2018 legislative session that will affect state revenues in coming years. Ten bills with immediate revenue implications will cost an
Bill Analysis: House Bill 918 Substitute (LC 34 5383-ECS); Feb. 22, 2018 Georgia leaders are now rushing a massive tax package through the state’s General Assembly with limited debate and without a clear tally of the plan’s true cost. Gov.
ATLANTA — When Congress overhauled the federal tax code two months ago, Georgia officials didn’t initially realize how much extra money taxpayers would be giving the state. Now, with the governor’s office estimating that Georgians will pay an additional $4.7
Budget Basics Georgia’s 2018 fiscal year runs July 1, 2017 through June 30, 2018 and the total budget available to the state is $45.2 billion. That includes $25 billion in state funding, $13.9 billion in federal funding and $6.4 billion