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%.
AP Week in Pictures: North America
US border arrests fall in March, bucking seasonal trends amid increased enforcement in Mexico
The bodies of 4 women have been found in a migrant
Montreal scores twice in final minutes and rallies to beat Minnesota 4
How the OJ Simpson saga became a unique American moment
Cable car accident in Turkey sends 1 passenger to his death and injures 7, with scores stranded
Zara Tindall and her husband Mike share a loved
Abu Ghraib survivors bring their torture claims to a US court
Jets might have a tough call to make between a playmaker or protection at No. 10 in the NFL draft
Nevada governor signs an order to address the shortage of health care workers in the state