Georgia passed a law reducing the flat income tax rate to 5.19% from 5.39%, effective July 1, for the tax year beginning Jan. 1.
An annual rate reduction of 0.1 percentage points is expected starting Jan. 1, 2026, until the rate reaches 4.99%, according to the bill.
With this bill, the state could achieve the 4.99% rate by 2027, rather than 2028 as projected by the state code, if the planned reduction schedule proceeds without delays.
The future rate reduction could be delayed by one year for each year that specific revenue targets are not met, as specified in ...
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