Plain English Breakdown
The phrase 'under certain circumstances' appears in the official bill title but is not defined, leaving the specific qualifying conditions unknown.
Tax Credit for Loss of SNAP Benefits
This bill creates a refundable tax credit of up to $1,200 for individuals who lose or see their federal food assistance benefits reduced under certain circumstances.
What This Bill Does
- Creates a new refundable income tax credit in Georgia law.
- Sets the maximum amount of this credit at $1,200 per person.
- Provides the credit to individuals whose federal Supplemental Nutrition Assistance Program (SNAP) benefits are reduced or lost under certain circumstances.
- Requires rules and regulations to be written for how people apply for this credit.
- Removes any existing laws that conflict with these new tax provisions.
Who It Names or Affects
- Individuals in Georgia who experience a reduction or loss of federal SNAP benefits under certain circumstances
- The state agency responsible for collecting income taxes and issuing refunds
Terms To Know
- Refundable tax credit
- A payment from the government that reduces your tax bill. If the amount is larger than what you owe in taxes, you get the extra money back as a refund.
- SNAP benefits
- Federal food assistance payments often called 'food stamps' that help low-income people buy groceries.
Limits and Unknowns
- The bill text does not list the specific circumstances under which a person qualifies for this credit.
- It is unclear how much of the $1,200 maximum amount an individual will actually receive based on their situation.
- No effective date or start year for when people can claim this credit is provided in the source text.