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%.
Gordon Ramsay is slated for tiny portion of duck on £260
Mixed reaction to Three Waters repeal by end of next week
Cicadas are nature's weirdos, and about to infest 2 parts of the U.S.
Former world's oldest dog stripped of title
Montreal scores twice in final minutes and rallies to beat Minnesota 4
In many African countries, abortions are legal. But information and access can be hard to come by
How brown rats crawled off ships and conquered North American cities
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Philadelphia Eagles want draft picks to play well, do the right thing and retire with the franchise
Hong Kong jails Portuguese national for overseas social media posts — Radio Free Asia
Workers at Mercedes factories near Tuscaloosa, Alabama, to vote in May on United Auto Workers union
NASA satellite blasts off to survey oceans and atmosphere of warming Earth