Kemp wants to accelerate state income tax cuts
Posted on AllSides December 4th, 2023
From The Center
ATLANTA – Gov. Brian Kemp said Monday he will ask Georgia lawmakers to provide additional tax relief during the upcoming legislative session by accelerating a state income tax cut lawmakers adopted last year. House Bill 1437 set in place a reduction in the state’s income tax rate from 5.75% to 4.99%, to be phased in over several years. Kemp said he will propose amending the 2022 legislation by moving up the timetable for the reductions, which would set the tax rate in tax year 2024 at 5.39% rather the 5.49%...