$1B Refund, Tax Cut Passed By GA Assembly
- The Georgia Senate approved a $1 billion tax refund, sending up to $500 to residents, as confirmed by Governor Brian Kemp's office.
- The state income tax rate will drop from 5.39% to 5.19% after the passage of House Bill 111 by a 30-23 vote.
- The income tax rebates would send up to $500 to married couples, with no additional action needed from residents for the refunds.
- Critics argue that the benefits of the tax cuts primarily favor higher-income taxpayers, as stated by Democratic Senators Derek Mallow and Elena Parent.
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Georgia Legislature Passes Two Tax Relief Bills
ATLANTA – Georgia taxpayers will pay a little less after Gov. Brian Kemp signs two tax relief measures following their approval Thursday by the state Senate. “The final passage of these two measures today brings us one step closer to…
·Cherokee County, United States
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Leaning Left2Leaning Right2Center9Last UpdatedBias Distribution69% Center
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C 69%
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