In his final State of the State Address Thursday morning, Gov. Brian Kemp announced plans for a fourth income tax rebate – saying he wants to spend $1.17 billion from the state's budget surplus to give income tax rebates of $500 per family or $250 per person. He also continued calls to speed up Georgia's planned income tax cuts, proposing a 20-basis-point reduction to get the state's flat tax rate down to 4.99 percent.
“Since 2021, working together with this General Assembly, we have provided one-time tax relief to the tune of over 3.2 billion dollars, property tax relief of nearly 1 billion, over 2.2 billion in motor fuel tax suspensions, and permanent income tax savings of nearly 3.4 billion,” Kemp said. “That’s almost 9.7 billion dollars that have helped hardworking Georgians fight through the record high inflation forced upon all of us by the previous administration in D.C. and a Congress that couldn’t put down the nation’s credit card.”
Please subscribe or log in to view the rest of this story.
