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GA SB477
Bill
Status
Engrossed
2/12/2026
Primary Sponsor
Blake Tillery
Click for details
AI Summary
- Personal income tax rate reduced to 4.99% for 2026, then 4.49% for 2027, and 3.99% for 2028 and beyond, subject to revenue-based delay triggers
- Corporate and partnership income tax rates fixed at 4.99%, decoupled from the individual rate reduction schedule
- Standard deduction increased from $24,000 to $32,000 for married couples filing jointly, and from $12,000 to $16,000 for single filers, heads of household, and married filing separately
- Rate reductions may be delayed one year if: Governor's revenue estimate grows less than 1%, prior year revenue was not higher than each of the three preceding years, or the Revenue Shortfall Reserve lacks sufficient funds to cover projected revenue loss
- Effective July 1, 2026, applicable to taxable years beginning on or after January 1, 2026
Legislative Description
Income Taxes; personal income tax rate; reduce
Last Action
House Second Readers
2/18/2026
Committee Referrals
Ways and Means2/17/2026
Finance2/9/2026
Full Bill Text
No bill text available