ATLANTA (AP) — Georgians will owe less in income taxes this year and will get a chance in November to vote to cap increases in how homes are valued for property taxes. Republican Gov. Brian Kemp on Thursday signed measures cutting income taxes by a projected $700 million on residents and businesses. The income tax cuts are retroactive to Jan. 1. “All of these bills help keep money where it belongs — in the pockets of our hardworking families,” Kemp said during a signing ceremony in Augusta, Georgia. Election-year tax cuts are always popular in the state, and all 236 state House and Senate seats are on the ballot this year. All the measures were supported by at least some Democrats, while receiving overwhelming Republican support. Georgia’s personal income tax already dropped on Jan. 1 to a flat tax of 5.49%. Before that, the state had a series of income tax brackets that topped out at 5.75%. |
JAN MOIR: Why JK Rowling SHOULDN'T forgive the weaselly bandChina news: Solomon Islands strikes $95 million Huawei internet dealCrown Prince Hussein and Princess Rajwa of Jordan announce they are expecting a baby this summerAbout MailOnlinePerfect for a 'slimmedHow Katharine, Duchess of Kent bagged a royal princeUS military ship heading to Gaza to build port'Catherine is thrilled by the kind wishes and support': Camilla thanks wellThe abandoned villa in Italy where Edward VII's mistress, Alice Keppel liked to sun herselfWho could have saved the Middletons' Party Pieces from disaster? A well