Bill > HB1152

This bill, known as the Health Coverage Affordability and Fairness Act, aims to make health insurance more affordable for Georgia families by allowing a state income tax deduction for certain health insurance premium payments. Specifically, it amends the Official Code of Georgia Annotated to permit individuals to deduct 100 percent of the premiums they pay for employer-sponsored health insurance, individual marketplace plans, or COBRA continuation coverage, provided these expenses haven't already been accounted for in their federal adjusted gross income or other tax benefits. This deduction is capped based on income: single filers, heads of household, and those filing separately with a federal adjusted gross income of $60,000 or less, and married couples filing jointly with a federal adjusted gross income of $120,000 or less, are considered "qualifying taxpayers." The bill also grants the commissioner authority to create rules for implementation and requires an annual fiscal impact estimate to be provided to legislative appropriations committees, with the new deduction becoming effective for taxable years beginning on or after January 1, 2026.

Budget and Finance

https://www.legis.ga.gov/legislation/72713