Atlanta, GA - Governor Brian P. Kemp signed HB 162 into law yesterday, providing for a special state income tax refund for Georgians who filed returns in both the 2021 and 2022 taxable years. Brian Kemps tax cut agenda are advancing in the state House, Georgia Bills Advance on Kemp Income Tax and Gas Tax Breaks, Georgia House Ways and Means Committee Chairman Shaw Blackmon, R-Bonaire, center left, talks to a staffer on Thursday, Feb. 16, 2023, at the Capitol in Atlanta. "I want to thank Governor Kemp for allowing me to carry this bill on his behalf," said Rep. McDonald. Visit our corporate site. It would give give a refund of up to $250 to single filers, up to $375 to single adults who head a household with. Due to severe storms and natural disasters, many taxpayers in Georgia and seven other states have more time to file their 2022 federal tax returns. Call 1-800-GEORGIA to verify that a website is an official website of the State of Georgia. The House Ways and Means Committee voted Thursday to pass bills that would give income tax filers another $1 billion in tax refunds and to ratify the Republican governor's decision to waive tax collection on gasoline and diesel fuel for months. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Other states are also offering tax rebates for residents. Local Government Services Rules and Policies. on Social Media. State Representative Lauren McDonald (R-Cumming), one of Governor Brian Kemps floor leaders, announced that the Georgia House of Representatives passed House Bill 162, legislation which would provide a one-time tax refund for eligible citizens of Georgia. The surplus refund payments are authorized by HB 162, which was signed into law by Gov. GA State Legislature page for HB162. It also includes $950 million for the Homeowner Tax Relief Grant program, allowing a $20,000 exemption on the assessed home value of qualifying homesteads for the tax year that started Jan. 1. You also must have had a tax liability for the 2021 tax year. Theyre not filling out taxes because of age and nothing to claim. I want to know when Seniors are going to ge a break. With more than 20 years of experience as a corporate attorney and business journalist, Kelley R. Taylor has contributed to numerous national print and digital magazines on key issues spanning education, law, health, finance, and tax. {{ tag.word }}, Senate Vote #221 MOTION TO ENGROSS: HB 162, HB 311, HB 482, HR 66, {{ teamMember.name ? Georgia House Resolution 162. People who itemize returns could have to pay federal income taxes on the state refund. By Kelley R. Taylor Before sharing sensitive or personal information, make sure youre on an official state website. Capital Gains Tax A BILL to be entitled an Act to amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to provide for a one-time tax credit for individual taxpayers who filed income tax returns for both the 2021 and 2022 taxable years; to provide for a definition; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes. Before sharing sensitive or personal information, make sure you're on an official state website. Brian Kemp's tax cut agenda are advancing in the state House. Depending on your filing status and tax liability, you could receive a maximum of: Our phone lines are typically very busy this time of year. GA State Legislature page for HR162. They would be automatic for anyone who files a 2021 and 2022 return, with no further action required. Rep. McDonald is carrying HB 162 on behalf of Gov. State of Georgia government websites and email systems use georgia.gov or ga.gov at the end of the address. Last updated 7 June 23. Due to Storms, IRS Tax Deadline Extended in Georgia. Kemp is expected to sign it, the bill, which would give a refund of up to $250 to single filers, up to $375 to single adults who head a household with dependents and up to $500 to married couples filing jointly. And if youre eligible for a Georgia surplus tax refund and havent filed your 2022 tax return due to a tax deadline extension, your rebate wont be processed until your tax return is. The tool will then let the taxpayer know if they are eligible for the HB 162 (Tax Year 2022) and HB 1302 (Tax Year 2021) refunds. Last updated 15 June 23. (AP Photo/Jeff Amy)Jeff Amy. Director of External Affairs and Communications. If our state takes in more money than it needs to function, these surplus taxpayer dollars need to go back to the hard-working citizens of Georgia. Tags: Associated Press, business, taxes, Georgia. How do I determine what I might receive from this refund? State Tax Breaks ( T he Center Square) Gov. State of Georgia government websites and email systems use "georgia.gov" or "ga.gov" at the end of the address. Tax planning is most effective as a year-round strategy. Published 26 June 23. DOR will issue the overwhelming majority of special income tax refunds by July 1 of this year, for those who file on or before April 18. To check your status you will need the following information: And are you wondering whether youll receive a paper check or an electronic refund? (Last year's FAQ page can be foundhere). Call 1-800-GEORGIA to verify that a website is an official website of the State of Georgia. Last year's rebate, plus the promise of more money, were key features of Kemp's victories over Republican primary challenger David Perdue and Democrat Stacey Abrams. I did not receive my full refund. What is the maximum I can receive for this refund? These refunds are a result of House Bill 162, passed by the General Assembly and signed into law by Governor Kemp earlier this year.This legislation allows for an additional refund of income taxes from 2021, due . A BILL to be entitled an Act to amend an Act to create a board of elections and registration for Morgan County and to provide for its powers and duties, approved March 29, 2006 (Ga. L. 2006, p. 3606), so as to revise provisions for the appointment, terms, and filling of vacancies of board members; to provide for term limits and removal of board . HB 162 allows for a tax refund out of the State's surplus to Georgia filers who meet eligibility requirements. Who Benefits from the Supreme Court Home Equity Theft' Ruling? Dont feel like senior are done right. Pending: House Financial Services Committee Text: Latest bill text (Introduced) [PDF] To amend the . Published 7 June 23. HB 374.pdf (17.39 KB) . A BILL to be entitled an Act to amend an Act to create a board of elections and registration for Morgan County and to provide for its powers and duties, approved March 29, 2006 (Ga. L. 2006, p. 3606), so as to revise provisions for the appointment, terms, and filling of vacancies of board members; to provide for term limits and removal of board members; to revise duties of the board and elections supervisor regarding clerical assistance and poll works; to remove expired and outdated provisions; to provide for related matters; to repeal conflicting laws; and for other purposes. You can also check the status of your refund online 24/7. This is the second state income tax refund of its kind in as many years, thanks to conservative budgeting and the support of the General Assembly. To be eligible for the refund, you should have filed by the April 18, 2023, tax deadline Or, if you were granted an extension, you must file by Oct. 16, 2023. Profit and prosper with the best of expert advice - straight to your e-mail. These. Copyright 2023 TheAssociated Press. Kemp can seek another year of rebates because the state coffers continue to overflow. Local, state, and federal government websites often end in .gov. Why? Discussions, Share The committee passed bills to give taxpayers another $1 billion in income tax breaks and to ratify Gov. Georgia House Bill 162. Officials estimate they will use $1.1 billion in other tax revenues from the current budget year to keep roadbuilding funds flowing. As smoky as the summer has been so far, scientists say it will likely be worse in future years because of climate change, Iowas auditor may face new challenges in tracking taxpayer dollars after a new law takes effect Saturday that allows state agencies to deny his office access to information, A series of fires in eastern Phoenix seriously damaged at least three homes and burned parts of several others after hot embers blew onto roofs and into trees. People who dont owe state income taxes, including many retirees, wouldnt get any money. He also serves on the Creative Arts & Entertainment, Game, Fish & Parks, Human Relations & Aging, Natural Resources & Environment, Regulated Industries and Transportation committees. Read Latest Draft Bill Title: Income tax; one-time tax credit for taxpayers who filed returns for both 2021 and 2022 taxable years; provide Brian Kemp's fuel tax suspension. Eligible Georgians who filed their state tax returns by April 18, 2023, should see their rebates fairly soon. "Our focus will now shift to the Fiscal Year 2024 budget. But the Georgia Department of Revenue says to allow 6 to 8 weeks for your refund to arrive. Art. We will continue to review agency and stakeholder requests while remaining steadfast in our commitment to appropriate taxpayers dollars in a fiscally, conservative manner.". You may be eligible for the HB 162 Surplus Tax Refund if you: Keep reading to learn more about the eligibility requirements and how to check the status of your Surplus Refund. The best credit cards to use for rental car insurance. Brian Kemp said, Georgia is once again in a position to issue surplus tax refunds thanks to years of responsible, conservative budgeting and because we chose to protect both lives and livelihoods during the pandemic.. Under the spending plan, the Department of Behavioral Health and Developmental Disabilities will see $1.5 billion, and the Georgia Student Finance Commission will receive $1.1 billion. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] The bill will now go to Gov. Specifically, taxpayers in storm-affected areas of Georgia have until Oct. 16, 2023, to file various federal individual and business returns and to make tax payments, according to the IRS. This legislation allows for an additional refund of income . The U.S. Supreme Court ruled that "home equity theft" violates the Constitution. With $950 million appropriated to the Department of Revenue in the Amended Fiscal Year 2023 budget, the Department of Revenue will be able to reduce the assessed value of Georgia homesteads by $18,000 (Ga. Const. Last year, we returned over a billion dollars to the taxpayers of our state, and I'm proud we're doing it again. The platform is designed to engage citizens and government leaders in a discussion about what needs improvement across the country. Brian Kemp signed into law a bill this week that would provide $1 billion in tax rebates for Georgia income tax filers. What are some common reasons I might not have received an HB 162 refund? Brian Kemp to sign, which would fill one of his campaign promises. Just as last year, single tax filers and married individuals who file separately could receive a maximum refund of $250, head of household filers could receive a maximum refund of $375, and married individuals who file joint returns could receive a maximum refund of $500, based on an individual or couples tax liability. Bill Title: Income tax; one-time tax credit for taxpayers who filed returns for both 2021 and 2022 taxable years; provide Spectrum: Moderate Partisan Bill (Republican 6-1) Status: (Passed) 2023-03-14 - Effective Date 2023-03-14 [HB162 Detail] Download: Georgia-2023-HB162-Enrolled.pdf It appears your computer is unable to display this document, however you can download the file from the links . Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. When you purchase through links on our site, we may earn an affiliate commission. Tax Deadlines Feel like we are being forgotten. Kemp, who recently announced his plan to return $1 billion dollars back to taxpayers. 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