GA HB112

One-time Georgia income tax refund for individuals who filed state returns for both 2023 and 2024 taxable years: $250 for single/married filing separately, $375 for head of household, $500 for married filing jointly

Refund amount capped at the taxpayer's actual 2023 Georgia income tax liability, whichever is less than the maximum credit amount

Excludes nonresident aliens, estates/trusts, and dependents (unless the dependent had earned income in 2023); part-year residents receive prorated refunds

Refunds issued automatically by the Department of Revenue after filing 2024 return, delivered via electronic deposit or check based on taxpayer preference

Refunds are not taxable as Georgia income and will be applied first to any outstanding state tax liabilities or debts subject to setoff collection