Plain English Breakdown
The bill status is listed as passed by the legislature, but no effective date or specific sunset date is available in the provided metadata or summary text.
Overtime Income Tax Exemption Act
This bill changes Georgia state tax law to exclude up to $10,000 of overtime wages per employee from taxation.
What This Bill Does
- Excludes up to $10,000 of an employee's overtime wages from state income tax.
- Requires employers to report information about these wages.
- Requires the Department of Revenue to send a report to the General Assembly.
- Sets a date when this law will end.
Who It Names or Affects
- Employees who earn overtime pay
- Employers who must file reports
- The Georgia Department of Revenue
Limits and Unknowns
- The exact date the law starts is not listed in the provided text.
- The specific sunset date when the exemption ends is not included.
- Details on how employers must report wages are mentioned but not described.