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Senate panel pushes Georgia tax cut despite federal penalty


Senate panel pushes Georgia tax cut despite federal penalty
JEFF AMY, Associated Press
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Georgia Gov. Brian Kemp (from left), House Speaker David Ralston, and Lt. Gov. Geoff Duncan attend a press conference about expanding internet access in Georgia on Monday, Feb 8, 2021, at the Georgia Capitol in Atlanta. (Curtis Compton/Atlanta Journal-Constitution via AP)Curtis Compton/AP
A Georgia Senate committee is moving forward with a $140 million state income tax cut despite warnings that it could cost the state federal aid.
The Senate Finance Committee voted unanimously on Tuesday for House Bill 593, which would raise the amount of money that someone could earn before starting to pay state income taxes. The standard deduction for an individual would rise from $4,600 to $5,400, while the standard deduction for a married couple filing jointly would rise from $6,000 to $7,100. ....

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Georgia House unanimously approves $140M income tax cut


Georgia House unanimously approves $140M income tax cut
By Jeff Amy
article
ATLANTA - A unanimous Georgia House voted 171-0 Wednesday for a $140 million state income tax cut, in what Republicans hope is just a first step in further tax relief.
House Bill 593 also appealed to Democrats because it would aid taxpayers who earn relatively little money, despite misgivings by some advocates who think the state needs to raise more taxes to finance adequate services.
This is a modest, measured increase that gives Georgians some tax relief and affects the most number of Georgians, allows them to keep some of their own money, House Ways and Means Committee Chairman Shaw Blackmon, a Bonaire Republican, told representatives. ....

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