Georgia Lawmakers Pass Tax Cuts, Property Tax Hike
Savannah News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Georgia lawmakers passed tax relief bills, cutting both income and property taxes. The property tax cut, funded by a one-penny sales tax hike, was made possible by turning an old hemp farming bill into Senate Bill thirty-three. The income tax rate dropped from 5.19% to 4.99%, with plans to reach 3.99% over eight years. Single filers deductions doubled to $18,000, and a $1,000 bump was added for dependents. The changes aim to provide real relief for Georgians, with the potential for further tax cuts in the future.
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