SB 477 - Decreases the Flat Individual Income Tax Rate - Georgia Key Vote

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Title: Decreases the Flat Individual Income Tax Rate

Vote Smart's Synopsis:

Vote to pass a bill that decreases the flat individual income tax rate in Georgia.

Highlights:

  • 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

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