Georgia Approves $1 Billion Income Tax Refund Package for Residents

Georgia lawmakers have approved two tax cut measures proposed by Republican Governor Brian Kemp, which would give income tax filers another $1 billion in tax refunds and ratify Kemp's decision to waive tax collections on gasoline and diesel fuel for months. The income tax refunds would be up to $500 for married couples filing jointly and would only be paid to people who filed tax returns for both the 2021 and 2022 tax years. Some Democrats argued that the state could better spend the money on underfunded state services, but Kemp can seek another year of rebates because state coffers continue to overflow.