Georgians could see a drop in personal income taxes
Gov. Brian Kemp has announced a goal to speed up the reduction in personal income taxes that was approved last year. The process will mean amending HB 1437 during the 2024 session of the General Assembly that begins in January. It provided for stepping down the income tax rate by ten basis points incrementally, beginning in 2025 and continuing by 0.1% annually until the rate, currently 5.75% on incomes over $7,000 a year, reaches 4.99%. “When I signed the largest income tax cut in state history in 2022, I did