Title: Decreases the Flat Individual Income Tax Rate
Vote to pass a bill that decreases the flat individual income tax rate in Georgia.
Establishes new income tax rates of 4.99% starting January 1, 2026, 4.49% starting January 1, 2027 and 3.99% starting January 1, 2028 (Sec. 1).
Decreases the corporate tax rate to 4.99% (Sec. 2).
Specifies that this Act applies to taxable years beginning January 1, 2026 (Sec. 5).
Title: Decreases the Flat Individual Income Tax Rate