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Georgia hearing on HB 111 would accelerate planned individual income tax cut; fiscal note ordered
Summary
A first hearing on HB 111 proposed by the governor’s office would speed up previously enacted reductions in Georgia’s individual income tax rate. Committee members heard the proposal and ordered a fiscal note; no vote was taken.
A House subcommittee heard a presentation on House Bill 111 on behalf of the governor seeking to accelerate scheduled reductions in Georgia's individual income tax rate.
The bill’s presenter said HB 111 would advance a 20-basis-point reduction that would move the statutory rate toward 5.19 percent for the 2025 tax year, citing the 2022 law (HB 1437) that began multi-year rate cuts. The…
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