Georgia Lawmakers Pass Income Tax Cuts
Savannah News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Georgia lawmakers passed a bill to expedite income tax cuts, dropping the rate from 5.19% to 4.99% immediately and further reducing it to 3.99% over time. They also increased the standard deduction and made the first $1,750 of tips and overtime tax-free. The bill, primarily supported by Republicans, was criticized by Democrats as fiscally irresponsible and benefiting the wealthy. Meanwhile, a significant property tax relief bill was scaled back and passed amid concerns it could increase sales taxes and harm schools. Lawmakers vow to continue fighting for homeowners facing substantial tax increases.
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