Georgia Income Tax Rate 2024

PolicyEngine · Nov 5, 2024 · b3afcd7 · b3afcd7
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Showing 6 changed files with 19 additions and 5 deletions.
diff --git a/changelog_entry.yaml b/changelog_entry.yaml
@@ -0,0 +1,4 @@
+- bump: minor
+  changes:
+    added:
+    - Georgia 2024 income tax rate update.
diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/main/head_of_household.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/main/head_of_household.yaml
@@ -11,13 +11,15 @@ metadata:
     # Georgia transitioned to a flat tax rate, starting in 2024
     - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-20 (2)(C)
       href: https://law.justia.com/codes/georgia/2022/title-48/chapter-7/article-2/section-48-7-20-d-1/
+    - title: House Bill 1015 (AS PASSED HOUSE AND SENATE), SECTION 1. (a.1)(1)
+      href: https://www.legis.ga.gov/legislation/66260
 
 brackets:
   - threshold:
       2022-01-01: 0
     rate:
       2022-01-01: 0.01
-      2024-01-01: 0.0549
+      2024-01-01: 0.0539
       2025-01-01: 0.0539
       2026-01-01: 0.0529
       2027-01-01: 0.0519

diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/main/joint.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/main/joint.yaml
@@ -11,13 +11,15 @@ metadata:
     # Georgia transitioned to a flat tax rate, starting in 2024
     - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-20 (2)(C)
       href: https://law.justia.com/codes/georgia/2022/title-48/chapter-7/article-2/section-48-7-20-d-1/
+    - title: House Bill 1015 (AS PASSED HOUSE AND SENATE), SECTION 1. (a.1)(1)
+      href: https://www.legis.ga.gov/legislation/66260
 
 brackets:
   - threshold:
       2022-01-01: 0
     rate:
       2022-01-01: 0.01
-      2024-01-01: 0.0549
+      2024-01-01: 0.0539
       2025-01-01: 0.0539
       2026-01-01: 0.0529
       2027-01-01: 0.0519

diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/main/separate.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/main/separate.yaml
@@ -10,12 +10,14 @@ metadata:
     # Georgia transitioned to a flat tax rate, starting in 2024
     - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-20 (2)(C)
       href: https://law.justia.com/codes/georgia/2022/title-48/chapter-7/article-2/section-48-7-20-d-1/
+    - title: House Bill 1015 (AS PASSED HOUSE AND SENATE), SECTION 1. (a.1)(1)
+      href: https://www.legis.ga.gov/legislation/66260
 brackets:
   - threshold:
       2022-01-01: 0
     rate:
       2022-01-01: 0.01
-      2024-01-01: 0.0549
+      2024-01-01: 0.0539
       2025-01-01: 0.0539
       2026-01-01: 0.0529
       2027-01-01: 0.0519

diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/main/single.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/main/single.yaml
@@ -10,13 +10,15 @@ metadata:
     # Georgia transitioned to a flat tax rate, starting in 2024
     - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-20 (2)(C)
       href: https://law.justia.com/codes/georgia/2022/title-48/chapter-7/article-2/section-48-7-20-d-1/
+    - title: House Bill 1015 (AS PASSED HOUSE AND SENATE), SECTION 1. (a.1)(1)
+      href: https://www.legis.ga.gov/legislation/66260
 
 brackets:
   - threshold:
       2022-01-01: 0
     rate:
       2022-01-01: 0.01
-      2024-01-01: 0.0549
+      2024-01-01: 0.0539
       2025-01-01: 0.0539
       2026-01-01: 0.0529
       2027-01-01: 0.0519

diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/main/surviving_spouse.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/main/surviving_spouse.yaml
@@ -11,13 +11,15 @@ metadata:
     # Georgia transitioned to a flat tax rate, starting in 2024
     - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-20 (2)(C)
       href: https://law.justia.com/codes/georgia/2022/title-48/chapter-7/article-2/section-48-7-20-d-1/
+    - title: House Bill 1015 (AS PASSED HOUSE AND SENATE), SECTION 1. (a.1)(1)
+      href: https://www.legis.ga.gov/legislation/66260
 
 brackets:
   - threshold:
       2022-01-01: 0
     rate:
       2022-01-01: 0.01
-      2024-01-01: 0.0549
+      2024-01-01: 0.0539
       2025-01-01: 0.0539
       2026-01-01: 0.0529
       2027-01-01: 0.0519