Georgia taxpayers rejoice.
Peach State political leaders on Tuesday announced plans to return more than $1 billion to the taxpayers of Georgia via a third special tax rebate, putting the $16 billion budget “surplus” to good use.
The proposed one-time, special refund would mirror previous rebates, returning $250 to single tax filers, $375 to head-of-household filers, and $500 to married couples filing jointly. Between this latest measure and the previous tax rebates, multiple state gas tax suspensions, homeowner tax relief grants and acceleration of the largest income tax cut in state history enacted by the Governor and General Assembly, state officials said these policies have saved Georgia taxpayers more than $6.6 billion.
“Inflation may have fallen, but high prices are still here and weighing down hardworking Georgians every time they go to the grocery store, the gas pump, and so many other places in our daily lives,” Republican Gov. Brian Kemp said in a statement. “While bad policies coming out of Washington, D.C. are still hurting America’s families, here in Georgia we’re working to give our people relief.”
If approved, this special tax refund would serve as the third rebate package Kemp and the Georgia General Assembly have delivered over the last three years, and it follows the historic tax cut package enacted earlier this year, which accelerated the largest state income tax cut in Georgia history.