HB 1001 - Reduces the Income and Corporate Tax Rates - Georgia Key Vote

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Title: Reduces the Income and Corporate Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that reduces the state income and corporate tax rates in Georgia.

Highlights:

  • Reduces the state income tax rate from 5.19 percent to 4.99 percent for taxable years beginning on January 1, 2026 (Sec. 1). 

  • Specifies that this Act takes effect on July 1, 2026, and applies to taxable years beginning after January 1, 2026 (Sec. 2). 

  • Requires the repeal of all laws and parts of laws which are in conflict with this Act (Sec. 4).

Title: Reduces the Income and Corporate Tax Rates

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