Georgia Legislative Session Outcomes Highlight Key Tax Changes and Safety Bills

Georgia legislators wrapped up their session, known as Sine Die, making significant strides on multiple bills. The state budget for 2027, mandated by constitutional law, was passed, entailing a $38.5 billion allocation. Key provisions include $70 million for literacy coaches in K-3 schools and $100 million for the Employees' Retirement System of Georgia, now pending Governor Kemp's approval.

Notably, the House advanced House Bill 463, proposing a gradual reduction of the state income tax rate from 5.19% to 3.99%. It also offers a tax exemption for up to $1,750 on tips and overtime, potentially benefiting service industry workers. This legislation is now awaiting the governor’s decision.

House Bill 1075 gained final approval in the Senate, allowing the installation of newborn safety devices at fire stations, police stations, and medical facilities across Georgia. Co-sponsored by Representative Dale Washburn, this bill progresses toward establishing "baby boxes" and awaits the governor’s signature.

Conversely, House Bill 1116, a property tax relief proposal, failed in the Senate after passing the House. Designed to cap annual property tax increases at 3% or align with inflation, it was narrowly defeated 24-28 in the Senate. Similarly, Senate Bill 410, which aimed to end tax incentives for data centers and mandate new power infrastructure funding, did not progress to a vote.

All legislation passed by the session awaits action from Governor Kemp, who has 40 days to sign, veto, or allow them to become law without his signature. These measures stand at a critical juncture, impacting fiscal policy and technological investment regulations in Georgia.