Corporate, Personal Income Taxes: Governor Signs IRC Conformity Update and Rate Cut.
Georgia has adopted legislation that: updates the corporate and personal income tax federal Internal Revenue Code (IRC) conformity date to February 9, 2018, with certain exceptions; doubles the standard deduction, effective January 1, 2018 and expiring December 31, 2025; lowers the top income tax rate for businesses and individuals from 6% to 5.75%, effective January 1, 2019 and expiring December... Read More