Georgia Governor Signs Law Amending State Income Tax Rates

The Georgia Governor signs a law amending the state income tax rates. The law reduces the tax rate from 5.39 percent to 5.19 percent, for tax years beginning on or after Jan. 1, 2025, provided that the rate will decrease by 0.10 percent annually, beginning on or after Jan. 1, 2026, until the rate reaches 4.99 percent. The law takes effect July 1. [H.B. 111, enacted 04/15/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.