Georgia makes a common-sense move on taxes!

March 23, 2022, 5:03 PM
Georgia will be sending $1.1 billion in refund checks to taxpayers in the coming weeks after Gov. Brian Kemp signed legislation Wednesday designed to help families cope with the recent surge in inflation.

Kemp, first-term Republican seeking reelection in November, signed H.B. 1302, which offers an income tax credit to taxpayers.
The new law grants a one-time $250 income tax credit to single filers and a $500 credit to joint filers. The measure limits the credits to taxpayers who filed returns for both the 2020 and 2021 tax years. Kemp said taxpayers who have already filed for the 2021 tax year won’t be required to amend their tax returns.
Further details:
• The action comes just days after Kemp signed H.B. 304, which suspends Georgia’s 29.1 cents per gallon excise tax on gasoline through May 31.
• Kemp proposed refund payments to taxpayers back in January after a state Revenues and Reserves report revealed Georgia had racked up a $3.7 billion surplus at the end of the Fiscal Year 2021.
• “When government takes in more than it needs, I believe those dollars should be returned to the taxpayer because that is your money—not the government’s,” Kemp said during a bill signing ceremony