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Gov. Kemp Signs State Income Tax Cut HB 593

Georgia Governor Brian Kemp today signed a sweeping state income tax cut into law. House Bill 593 would take effect on January 1st. This tax cut will increase the standard deduction from $4,600 to $5,400 for individuals, and from $6,000 to $7,100 for married couples. The governor previously expressed hesitancy over the proposed bill, which passed unanimously in the House, citing concerns it could threaten federal funds although the U.S. Treasury has since stated it won’t.

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