Plain English Breakdown
Checked against official source text during the last sync.
One-Time Tax Credit for Georgia Individual Filers
This law creates a one-time tax credit for individual taxpayers in Georgia who filed income tax returns for the years 2024 and 2025.
What This Bill Does
- Amends Chapter 7 of Title 48 of the Official Code of Georgia Annotated regarding income taxes.
- Provides a one-time tax credit to individual taxpayers who filed returns for the 2024 taxable year.
- Provides a one-time tax credit to individual taxpayers who filed returns for the 2025 taxable year.
- Includes definitions needed to apply this new rule.
- Repeals any existing laws that conflict with these changes.
Who It Names or Affects
- Individual taxpayers in Georgia
- People who file income tax returns for the years 2024 and 2025
Limits and Unknowns
- The text does not state how much money each taxpayer receives.
- The text does not explain what steps a person must take to claim the credit.