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%.
Kourtney Kardashian is 45! The reality TV star and wife of Travis Barker gets heart
Spring farming underway across China
Rafael Nadal withdraws from Indian Wells
Danny Cipriani holidays with 90210 star AnnaLynne McCord at spiritual retreat in Egypt
Composer's memories help shape the future
Canada announces 15 participants in NATO defence innovation hub
Nadal says he's 'ready enough' to play in his last Barcelona Open
Love Island's Molly Marsh displays her incredible figure in a logo
French bid to host 2030 Winter Olympics talks with Italy, Netherlands to stage speed skating
Caitlin Clark mobbed by fans at introductory Indiana Fever press conference
AP Source: General Motors and Bedrock real estate plan to redevelop GM Detroit headquarters towers