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, though individuals excluded solely for being dependents can still qualify if they had earned income in 2024. Upon filing their 2025 tax return, qualified taxpayers will automatically receive a credit equal to the lesser of their 2024 tax liability or a set amount based on their 2024 filing status: $250 for single filers or married filing separately, $375 for heads of household, and $500 for married couples filing jointly. For nonresidents or part-year residents whose tax was prorated, the credit will also be prorated based on their Georgia taxable income. The credit will not exceed the taxpayer's 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. No interest will be paid on these credits, and they are subject to debt collection provisions. The bill also specifies an effective date and repeals any conflicting laws.

Budget and Finance

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