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AJC: Kemp signs midyear budget with an almost $1 billion property tax break
Mixed feelings. Of course I could use a few hundred extra dollars in my pocket, but I’d rather see Kemp poor these collective surplus funds into hospitals, schools, and universities.
https://www.ajc.com/politics/kemp-signs-midyear-budget-with-an-almost-1-billion-property-tax-break/7S3LPYNW3BGGVL5UMJRJ7RO7ZE/
Under the spending plan, homeowners will receive an extra one-time exemption on the value of their homes at tax time, a move that Kemp said in January would save those Georgians, on average, about $500. It will cost the state about $950 million.
Under the separate bill the Senate is expected to approve, many Georgians would also receive an income tax rebate, as they did last year. Married couples who file jointly would receive a maximum of $500. Someone who files as head of a household would get up to $375, and single filers could get as much as $250 for single filers.