Kemp Signs Major Tax Relief
CHATTANOOGA, Tenn. (WDEF) – On Tuesday, Governor Brian Kemp signed two major tax relief bills into law during a ceremony in Cobb County, delivering over a billion dollars in financial benefits to Georgia taxpayers.
Surrounded by First Lady Marty Kemp and state leaders, the governor announced the measures as part of his administration’s ongoing effort to return excess revenue to hardworking Georgians.
Georgia Governor Brian Kemp had this to say during the signing ceremony:
“We know that this is your money, not the government, and we know that you know best how to spend it. I’m proud to put this money back where it belongs and trust hard-working Georgians with their own funds, especially as families deal with the high-cost environment that we have been in over the last several years.”
House Bill 111 speeds up the largest state income tax cut in Georgia’s history, reducing the tax burden ahead of schedule.
Meanwhile, House Bill 112 authorizes a $1 billion one-time refund for eligible taxpayers. Depending on filing status, individuals could receive up to $500 after filing their 2024 state returns.
To qualify, taxpayers must have filed for both 2023 and 2024, be full-time Georgia residents, and not be claimed as dependents. The Georgia Department of Revenue will automatically issue payments via direct deposit or check.
The tax cuts come as Georgia maintains a strong budget surplus and focuses on long-term stability.
