summary
Introduced
01/24/2024
01/24/2024
In Committee
03/21/2024
03/21/2024
Crossed Over
02/08/2024
02/08/2024
Passed
04/02/2024
04/02/2024
Dead
Signed/Enacted/Adopted
04/18/2024
04/18/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, exemptions, and credits relative to income taxes, so as to increase the amount of the dependent exemption; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
AI Summary
This bill proposes to amend the Georgia income tax law to increase the amount of the dependent exemption from $3,000 to $4,000. The bill will become effective on July 1, 2024, and will apply to all taxable years beginning on or after January 1, 2024. The purpose of the bill is to provide a higher tax exemption for taxpayers with dependents, which may help to reduce their overall tax burden.
Committee Categories
Budget and Finance
Sponsors (7)
Shaw Blackmon (R)*,
Jon Burns (R)*,
Lauren Daniel (R)*,
Scott Hilton (R)*,
Deborah Silcox (R)*,
Bruce Williamson (R)*,
Russ Goodman (R),
Last Action
Effective Date 2024-07-01 (on 04/18/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/66268 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/229350 |
| Fiscal Note | https://www.legis.ga.gov/api/legislation/document/20232024/228243 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20232024/221696 |
Loading...