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Ways & Means subcommittees advance income-tax refunds and a rate cut; several measures get first hearings
Summary
The Ways & Means income-tax and related subcommittees met in a lengthy session that produced unanimous approval of two tax measures and first hearings on several others, including an internal revenue code update and multiple sales- and property-tax items.
The Ways & Means income-tax subcommittee and related subcommittees met for a multi-part session that moved two income-tax measures forward and held initial hearings on a string of other bills, including a federal conformity update and several sales- and property-tax proposals.
Representative Noel Williams presented a refund measure described as a continuation of prior tax relief for “hardworking Georgians.” The presentation characterized the total refund value at about $1,000,000,000 and stated refund amounts for certain filing statuses. The committee called and passed the measure by voice vote; members recorded the action as carrying unanimously.
The committee also took a final action on a separate income-tax rate cut.…
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