Bill > HB463

Introduced Session

AN ACT To amend Title 33 and Title 48 of the Official Code of Georgia Annotated, relating to insurance and revenue and taxation, respectively, so as to reduce the personal income tax rate; to revise provisions relative to annual reductions of the income tax; to reduce the rates of taxation on corporate and partnership income; to increase the amounts of the standard and dependent deductions from state taxable income for individuals; to provide for an increase in the amount of retirement income that may be excluded from state taxable income for individuals 65 or older; to exclude a portion of overtime compensation and cash tips from taxation; to provide for reporting by employers; to provide for rules and regulations; to provide for automatic repeal; to provide for prospective annual increases in the amounts of such deductions; to repeal income tax credits for manufacturers of medical equipment and supplies, pharmaceuticals, medicine, and personal protective equipment, alternative fuel, low-emission, and zero-emission vehicles and electric vehicle chargers, businesses headquartered in this state, businesses engaged in manufacturing cigarettes for exportation, business enterprises that purchase or lease a motor vehicle to provide transportation for employees, base year port traffic increases, and teleworking expenses; to repeal the state sales tax and use exemptions for the rental of videotape or motion picture film, printed advertising inserts or supplements, machinery or equipment used to reduce air or water pollution, high-technology company computer equipment, data center equipment, sales of machinery, equipment, and materials used in the construction or operation of certain HB 463/AP buildings; to allow for the continued use of a certificate of exemption issued prior to the date of repeal relating to the sale of machinery and equipment used for the primary purpose of reducing or eliminating air or water pollution; to amend Part 1 of Article 4 of Chapter 12 of Title 45 of the Official Code of Georgia Annotated, relating to management of budgetary and financial affairs, so as to change provisions relative to surplus funds of the Revenue Shortfall Reserve; to provide for conforming changes; to provide for related matters; to provide for an effective date and applicability; to provide a short title; to repeal conflicting laws; and for other purposes.

AI Summary

Committee Categories

Shaw Blackmon (R)*,  Jon Burns (R)*,  Beth Camp (R)*,  Carl Gilliard (D)*,  Matt Hatchett (R)*,  Ron Stephens (R)*,  Blake Tillery (R), 

House Sent to Governor (on 04/10/2026)

Official Document