diff --git a/src/data/analysisDescriptions.js b/src/data/analysisDescriptions.js index 0653ad0..2c577cf 100644 --- a/src/data/analysisDescriptions.js +++ b/src/data/analysisDescriptions.js @@ -28,6 +28,7 @@ const descriptions = { "ga-hb1001": "Accelerates Georgia's income tax rate reduction to 4.99% starting in 2026. Removes the revenue trigger conditions that could delay the reduction. We do not model the reduction in corporate tax rate to 4.99% in this analysis.", "ga-sb168": "Reduces Georgia's flat income tax rate from 5.09% to 4.19% for 2026, with 1.0pp annual cuts to eliminate the tax by 2031. Removes revenue trigger conditions and rate floor.", "ga-sb476": "Reduces Georgia income tax rate to 4.99% and increases standard deductions to $50,000 for single filers and $100,000 for joint filers, effective January 1, 2026.", + "ga-hb463": "Hypothetical multi-year analysis of Georgia HB463 assuming all revenue triggers are met. Compared against a triggered baseline (5.09% in 2026, 4.99% floor in 2027+), HB463 reduces rates from 4.99% (2026) to 3.99% (2034), increases standard deductions ($15K/$30K to $18K/$36K single/joint), raises the dependent exemption ($5K to $6K), and increases the retirement exclusion for 65+ to $70K. 9-year revenue impact: -$37B. Excludes tips/overtime exemptions and credit repeals.", "ga-hb880": "Hypothetical multi-year analysis of Georgia HB880 assuming all revenue growth triggers are met. Phases in annual income tax rate reductions from 4.99% (2027) to 4.19% (2035), increases standard deductions ($12,000/$24,000 single/joint in 2026 to $17,400/$34,800 in 2035), and raises the dependent exemption ($4,000 in 2026 to $5,800 in 2035). The bill also increases the retirement income exclusion cap from $65,000 to $70,000 for older retirees beginning in 2027.", "ga-sb520": "Shifts Georgia from a flat 5.19% income tax to a graduated system (2%-6%), increases standard deductions to $17,000/$34,000, creates a refundable state EITC at 20% of federal, and expands the child tax credit to $1,250 (refundable). Phase 1 (2026): Standard deduction, CTC, and EITC provisions. Phase 2 (2027): Progressive tax brackets.",