GA HB1001

Georgia's individual income tax rate would be reduced from 5.19% to 4.99% for taxable years beginning on or after January 1, 2026

Eliminates the previously enacted gradual reduction schedule that would have lowered the rate by 0.10% annually from 2026 until reaching 4.99%

Removes fiscal safeguard provisions that previously allowed delays to rate reductions based on revenue estimates, net revenue collections, and Revenue Shortfall Reserve balances

Effective date is July 1, 2026, applying to all taxable years beginning on or after January 1, 2026