Two measures being considered by the General Assembly this year could impact tax bills for Georgians. Here’s a look at what’s being proposed.
House Bill 329: Income Tax Cut
House Bill 329, sponsored by Rep. Jay Powell, would eliminate Georgia’s existing range of six different income tax rates and replace them with one flat rate. Currently, the state uses tax rates from 1 percent to 6 percent, and the flat rate would be 5.4 percent. For individuals earning more than $7,000 and couples filing jointly and earning more than $10,000, the change would mean an income tax cut; for all others, it would result in a tax increase, reported The Atlanta Journal-Constitution.
HB 329 has been assigned to the House Ways and Means Committee.
House Bill 204: Property Tax Fees
House Bill 204, sponsored by Rep. Brett Harrell, would prohibit the addition of any nontax-related fees or assessments to property tax bills. HB 204 has been assigned to the House Ways and Means Committee, where it has been favorably reported.