The Brief
- Gov. Brian Kemp signed two tax relief bills: one accelerates Georgia’s largest-ever state income tax cut, and the other authorizes a $1 billion special rebate.
- Eligible taxpayers could receive rebates of up to $500, depending on filing status, with payments issued after 2024 returns are processed.
- To qualify, residents must file 2023 and 2024 state returns, not be dependents, and be full-time Georgia residents; refunds may be reduced by debts owed to the state.
ATLANTA – Gov. Brian Kemp signed two major tax relief measures into law today, promising financial benefits for millions of Georgia taxpayers.
What we know:
The first measure, House Bill 111, accelerates what Kemp’s office calls the largest state income tax cut in Georgia history. The bill will speed up a previously approved phased reduction in the state income tax rate, putting more money back into the hands of working Georgians sooner.…