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House subcommittee hears bill to accelerate Georgia income tax cuts to 5.19%
Summary
A Ways and Means income tax subcommittee heard House Bill 111, presented on behalf of Gov. Brian Kemp, to accelerate a previously enacted reduction in Georgia's individual income tax rate by 20 basis points to 5.19% for tax year 2025; the measure is at a hearing stage and a fiscal note has been ordered.
The Georgia House income tax subcommittee heard House Bill 111 on behalf of Gov. Brian Kemp, presented by Representative Sue Hong, to accelerate scheduled reductions in the state's individual income tax rate, lowering the rate by an additional 20 basis points to 5.19% for tax year 2025.
Supporters said the acceleration builds on tax legislation passed in 2022 (HB 1437) and estimated the change would save taxpayers roughly…
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