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GA HB134
Bill
Status
Engrossed
2/26/2025
Primary Sponsor
Beth Camp
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AI Summary
- Personal income tax rate reduced from 5.19% to 4.99% for taxable years beginning January 1, 2026, with elimination of the previous gradual annual reduction mechanism
- Corporate and partnership income tax rate set at flat 4.99%
- Standard deduction increased from $24,000 to $100,000 for married couples filing jointly and from $12,000 to $50,000 for single filers, effective January 1, 2027
- All credits against Georgia taxable net income sunset on December 31, 2031, with the low-income housing tax credit reduced to 50% of the federal credit for applications received on or after January 1, 2027
- Repeals numerous tax credits including those for alternative fuel vehicles, electric vehicle chargers, teleworking expenses, port traffic increases, businesses headquartered in-state, and manufacturers of medical equipment and PPE
- Repeals multiple sales and use tax exemptions including those for aircraft/watercraft/motor vehicles, data center equipment, high-technology company equipment, air/water pollution control machinery, and boat maintenance/repair
Legislative Description
Sales and use tax; manufactured homes; revise and expand exemption
Last Action
Senate Passed/Adopted By Substitute
2/12/2026
Committee Referrals
Finance2/27/2025
Ways and Means1/28/2025
Full Bill Text
No bill text available