‘Multiplier effect’: State’s plan would cancel taxes on first $100,000 for families

(The Center Square) – Georgia couples filing jointly would see their income tax eliminated on their first $100,000 beginning with the 2027 tax year under a plan from a Senate study committee.

The proposal, which passed the Special Committee on Eliminating Georgia’s Income Tax on Wednesday, would cut tax for single Georgians on their first $50,000 of income.

The tax break would be funded over six years, with the goal of completely eliminating the income tax by 2032.

It would...