Governor Kemp Proposes $1 Billion Tax Refund to Aid Georgians

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$1 Billion Tax Refund Proposal Announced by Gov. Brian Kemp

Governor Brian Kemp has introduced a $1 billion tax refund plan, offering a one-time special refund to Georgia taxpayers. Under the proposal, single tax filers would receive $250, head-of-household filers would get $375, and married couples filing jointly could receive $500.

This is the third tax rebate proposed by state officials under Kemp’s leadership, aimed at easing financial burdens for residents.

Tax Refund Funded by Georgia’s Budget Surplus

The funding for this tax refund comes from Georgia’s amended budget, and importantly, the refund will not count as taxable income, according to Kemp’s office. At a news conference, Kemp emphasized, “This isn’t the government’s money. It’s yours.” He highlighted how the tax refund belongs to the hardworking citizens, small businesses, farmers, and rural communities who have been affected by recent challenges like Hurricane Helene.

Tax Refunds to Help Families with Rising Costs

The tax refund is designed to help Georgia families with essential expenses, such as rent, groceries, and school supplies, Kemp said. With the rising cost of living, the governor noted that this refund would provide much-needed relief. The rebate must be approved by Georgia lawmakers when the General Assembly reconvenes in January.

No Additional Steps Required for Tax Refund

State officials assured residents that no additional action is necessary beyond filing their 2023 and 2024 individual tax returns to receive the refund. Kemp’s office highlighted that under his administration, Georgians have saved over $6.6 billion through various tax rebates and fiscal measures.

Kemp’s Continued Focus on Tax Refunds and Relief Efforts

Governor Kemp reiterated his commitment to cutting taxes, urging Georgians to “stay tuned” for more tax relief measures during the legislative session in January. This tax refund proposal comes in the wake of Hurricane Helene, which devastated South Georgia, leaving a lasting impact on the region. In response to the storm, Kemp extended a state of emergency and temporarily suspended the state gas tax.

With these measures, Governor Kemp aims to help residents recover from the storm’s effects and support those facing financial challenges.