Title: Reduces the Income and Corporate Tax Rates
Vote to pass a bill that reduces the state income and corporate tax rates in Georgia.
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