The US state of Georgia Governor Brian P. Kemp signed the House Bill (HB) 111 into law on 15 April 2025, expediting the planned reduction of the corporate and individual income tax.
The individual income tax rate cut was established by HB 1437 in 2022. It sets the individual income tax rate at 5.49% starting 1 January 2024, decreasing by 0.10% annually until reaching 4.99% on 1 January 2029.
Corporate income tax rates in Georgia will align with individual income tax rates under HB 1023. Starting 1 January 2025, the corporate tax rate will drop to 5.19%, with yearly reductions of 0.10% until it reaches 4.99%, contingent on state revenue targets.
