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:
Related suggestion:
Michael Douglas, 79, reveals the moment he realised his wife Catherine ZetaKirsten Dunst says she STILL gets a Christmas cake from Interview With The Vampire coPrince Andrew WON'T write tellMinistry of Health proposes 134 job lossesNetflix fans hail 'mindTeresa Urquijo, 28, granddaughter of Princess Teresa of BourbonOJ Simpson's former NBC Sports coVideo of kids playing chicken with train on Ngāruawāhia bridge highlights ongoing problem9/11 first responder 'who shot a man dead in a South Carolina ChickPerson in serious condition after incident in Feilding
0.0999s , 6504.046875 kb
Copyright © 2024 Powered by Georgia governor signs income tax cuts as property tax measure heads to November ballot ,International Infusion news portal