Georgia governor signs income tax cuts as property tax measure heads to November ballot
ATLANTA (AP) — Georgians will owe less in income taxes this year and will get a chance in November to vote to cap increases in how homes are valued for property taxes.
Republican Gov. Brian Kemp on Thursday signed measures cutting income taxes by a projected $700 million on residents and businesses. The income tax cuts are retroactive to Jan. 1.
“All of these bills help keep money where it belongs — in the pockets of our hardworking families,” Kemp said during a signing ceremony in Augusta, Georgia.
Election-year tax cuts are always popular in the state, and all 236 state House and Senate seats are on the ballot this year. All the measures were supported by at least some Democrats, while receiving overwhelming Republican support.
Georgia’s personal income tax already dropped on Jan. 1 to a flat tax of 5.49%. Before that, the state had a series of income tax brackets that topped out at 5.75%.
Related articles
Yes, Australia is among the countries the NFL is scouting to host future games
NASHVILLE, Tenn. (AP) — Australia is among the countries the NFL is scouting as potential hosts for2024-05-22Policies yield key results in Xiong'an
Key achievements have been made in implementing a package of measures rolled out by central policyma2024-05-22CPC leadership reviews disciplinary inspection report
The Political Bureau of the Communist Party of China (CPC) Central Committee met on March 29 to revi2024-05-22Ambassador encourages education exchanges between China and UK
China's Ambassador to the United Kingdom Zheng Zeguang meets with Dean of the Said Business School a2024-05-22Saints open voluntary practice without Marshon Lattimore or Alvin Kamara
METAIRIE, La. (AP) — The absences of cornerback Marshon Lattimore and running back Alvin Kamara from2024-05-22Truce remains elusive in Gaza as talks fall flat
The latest round of contentious cease-fire talks in Qatar ended without a deal, even as Israel is ac2024-05-22
atest comment