Bill > HB1000

This bill establishes a one-time tax credit for individual taxpayers in Georgia who filed income tax returns for both the 2024 and 2025 tax years by the filing deadline, including any extensions. A "qualified taxpayer" is defined as an individual who meets these filing requirements, but excludes nonresident aliens, individuals claimed as dependents by others for the 2024 tax year, and estates or trusts; however, individuals excluded solely for being claimed as a dependent can still qualify if they had earned income in 2024. Once a qualified taxpayer files their 2025 return, the state will automatically issue a credit equal to the lesser of their 2024 tax liability or a set amount based on their 2024 filing status: $250 for single or married filing separately, $375 for head of household, and $500 for married filing jointly. This credit will be prorated for nonresidents and part-year residents based on their Georgia taxable income. The credit will not exceed the taxpayer's actual 2024 tax liability and will not be considered taxable income itself. Refunds will be issued electronically or by check based on the taxpayer's 2025 return instructions, but will first be applied to any outstanding tax debts, and will not accrue interest. The credit is subject to debt collection provisions and the commissioner of revenue is authorized to create necessary rules. This bill takes effect upon approval and repeals any conflicting laws.

Budget and Finance

https://www.legis.ga.gov/legislation/72293