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Kemp proposes 20‑basis‑point income tax cut, previews sweeping tort reform and disaster relief

Georgia House of Representatives (joint session) · January 16, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

In his State of the State address to a joint session, Gov. Brian Kemp proposed a further 20‑basis‑point cut to the state income tax, previewed comprehensive tort‑reform legislation and outlined disaster relief and school‑safety funding measures.

Gov. Brian P. Kemp used his State of the State address to propose a 20‑basis‑point reduction in Georgia's income tax rate and to preview comprehensive tort‑reform legislation he said is needed to stabilize insurance costs and protect small businesses.

Kemp framed the proposals as part of a conservative fiscal approach that he said has attracted jobs and investment to Georgia. "Today, I'm proposing a further cut of 20 basis points to bring us down to just 5.19%," Kemp said, adding the change would save Georgians an estimated $7.5 billion over the next decade.

The governor also pointed to recent extreme…

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