State’s Largest-Ever Income Tax Cut will Save Georgians an Estimated $1 Billion a Year
ATLANTA – Today, Speaker David Ralston (R-Blue Ridge) and House Ways & Means Chairman Shaw Blackmon (R-Bonaire) announced legislation to lower Georgia’s maximum income tax rate from 5.75 percent to a single, flat rate of 5.25 percent. Combined with other measures in the proposed legislation, Georgians would save an estimated $1 billion per year when the cut goes into effect for the calendar year 2024.
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