State Representative Soo Hong (R-Lawrenceville) recently joined Governor Brian Kemp to celebrate the signing of House Bill 111, a new measure designed to provide tax relief to working Georgians. This move comes as part of the Georgia General Assembly’s efforts to ease the financial burdens on families and small businesses in the state.
The legislation, which went into effect on January 1, 2025, lowers the income tax rate to 5.19 percent, a significant reduction from the previous rate of 5.75 percent. This change is expected to return $880 million to Georgia families in the upcoming year. HB 111 follows in the footsteps of House Bill 1437, which was passed in 2022 and marked the largest state income tax cut in Georgia’s history.
Representative Hong expressed gratitude to Governor Kemp for signing the bill and praised the collaborative efforts of the General Assembly in making this tax relief possible. She emphasized the importance of returning money to the pockets of Georgians rather than keeping it in government coffers.
The full text of HB 111 can be accessed online for further details on the tax relief measures that it includes. Overall, this legislation represents a significant step towards providing financial relief to individuals and businesses in Georgia, demonstrating the government’s commitment to supporting its constituents during challenging times.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
