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Kemp proposes further income tax cut to 5.19%, says move would save Georgians about $7.5 billion over 10 years
Summary
Gov. Brian P. Kemp proposed lowering Georgia's income tax rate by 20 basis points from 5.39% to 5.19%, estimating the change would save taxpayers about $7.5 billion over the next decade. The governor framed the cut as part of a conservative budget approach that returned funds to taxpayers via rebates, suspensions and prior tax relief packages that
Gov. Brian P. Kemp proposed a reduction of Georgia’s income tax rate from 5.39% to 5.19%, saying the cut would save Georgians approximately $7,500,000,000 over the next 10 years.
Kemp framed the proposal as an extension of the state’s recent conservative budgeting and tax-relief measures. He said prior actions — including…
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