February 16, 2018

Georgia Budget and Policy Institute: Governor’s Tax Plan Carries $1 Billion Price

ITEP Work in Action

Gov. Nathan Deal’s administration introduced a multifaceted tax package on Feb. 13, 2018 designed to reduce state revenues by about $1 billion a year over the next decade. House Bill 918 comes in response to recent news that the federal tax changes signed into law by President Donald Trump in December could generate a so-called windfall of new state revenue. The governor’s new tax package includes moderate increases to Georgia’s personal exemptions for individuals and dependent children. It also shifts Georgia tax law to allow people to itemize their deductions for things like mortgage interest on their state taxes, even if they claim the standard deduction on their federal return.

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