ATLANTA – State Representative Brett Harrell (R-Snellville), chairman of the House Ways & Means Committee, today announced that he will introduce tax reform legislation which seeks to cut personal income taxes. Chairman Harrell made the announcement at the Atlanta Press Club today with Speaker of the House David Ralston (R-Blue Ridge) and House Appropriations Chairman Terry England (R-Auburn).
“Today we are introducing the largest income tax cut for individuals in Georgia’s history,” said Speaker David Ralston. “In 2018, we promised Georgians meaningful tax relief, and this is the second step in delivering on that promise. I appreciate Chairman Brett Harrell’s work on this comprehensive reform package and applaud his commitment to Georgia’s hardworking taxpayers.”
Chairman Harrell’s bill would cut the personal income tax to a flat rate of 5.375 percent. The corporate tax rate, already a flat tax, would remain at 5.75 percent. The initiative would also institute a new Georgia Income Tax Credit for working families to offset the flattening of the tax brackets. Further, the proposal would include tripling the Adoption Tax Credit from $2,000 to $6,000 as the governor has proposed. The plan would go into effect January 1, 2021 and provide approximately a quarter billion dollars in total tax relief each year.
“The initiative responds to the pressing needs of our state in a fiscally responsible way, while maintaining our focus on reducing the burden of government on everyday Georgians,” said Chairman Harrell. “The tax reform measure will keep our promise to our citizens by flattening and cutting the personal income tax rate. This 2020 tax reform package makes Georgia’s tax system fairer, flatter and allows Georgian’s to keep more of their hard-earned money.”
In 2018, the General Assembly passed HB 918 that reduced the personal income tax rate for the first time since 1937 from six percent to 5.75 percent.
Representative Brett Harrell represents citizens of District 106, which includes portions of Gwinnett County. He was elected to the House of Representatives in 2010 and currently serves as the Chairman of the Ways & Means Committee. He also serves on the Budget and Fiscal Affairs Oversight, MARTOC, Regulated Industries, Rules and Transportation, committees. He also serves as an Ex-Officio member on the Appropriations Committee.
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