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GA HB1302
Bill
Status
Passed
3/23/2022
Primary Sponsor
Josh Bonner
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AI Summary
- Provides a one-time income tax refund to Georgia individual taxpayers who filed state income tax returns for both the 2020 and 2021 taxable years by the 2021 filing deadline (including extensions)
- Sets maximum refund amounts based on 2020 filing status: $250 for single filers or married filing separately, $375 for head of household, and $500 for married couples filing jointly
- Caps the refund at the taxpayer's actual 2020 Georgia individual income tax liability, whichever is less than the filing-status amount; prorates refunds for part-year and nonresident filers based on the ratio of Georgia-taxable income
- Excludes nonresident aliens, individuals claimed as dependents for the 2020 tax year, and estates or trusts from eligibility
- Refunds are issued automatically upon filing the 2021 return, do not constitute taxable income for Georgia purposes, do not accrue interest, and are subject to offset against any outstanding tax liabilities or debts
Legislative Description
Income tax; one-time tax credit for taxpayers who filed returns for both 2020 and 2021 taxable years; provide
Last Action
Effective Date 2022-03-23
3/23/2022
Committee Referrals
Finance3/3/2022
Ways and Means2/11/2022
Full Bill Text
No bill text available