Georgia lawmakers kicked off the 2022 legislative session on Monday, January 10, 2022. With a budget surplus of approximately 2.2 billion, education and tax relief are taking center stage. Governor Kemp announced $2,000 raises for teachers and the intent to fully fund Georgia’s Quality Basic Education formula (QBE). A tax rebate plan to return some of the surplus money to Georgia taxpayers was also announced and a hot topic in the general assembly is expected to be the state income tax and its possible alternatives.
Check out how Georgia ranks with other states on Metric 10- rankings data viz 2022 Percentage of Total State & Local Tax Revenue from Individual Income Tax, FY2019.
Read about Georgia’s Personal Income Tax in our Georgia’s tax handbook.
To help navigate Georgia’s legislative session, FRC has released its annual go-to guides: 2022 Georgia Tax Handbook and Rankings Report. Download the full guides here: