From 4e00af18c8fa85c9eac55504f771e96e0b34d158 Mon Sep 17 00:00:00 2001 From: David Trimmer Date: Fri, 3 Apr 2026 10:51:03 -0400 Subject: [PATCH 1/2] Bill review: GA HB463 - Georgia Economic Growth and Tax Relief Act of 2026 Co-Authored-By: Claude Opus 4.5 --- src/data/analysisDescriptions.js | 1 + 1 file changed, 1 insertion(+) diff --git a/src/data/analysisDescriptions.js b/src/data/analysisDescriptions.js index 0653ad0..8d530fb 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 (Georgia Economic Growth and Tax Relief Act of 2026) assuming all revenue triggers are met. Reduces income tax rate from 5.19% to 4.99% in 2026, then 0.125pp annually until reaching 3.99% in 2034. Increases standard deductions ($15,000/$30,000 single/joint in 2026 to $18,000/$36,000 in 2034), raises dependent exemption ($5,000 in 2026 to $6,000 in 2034), and increases retirement income exclusion for 65+ from $65,000 to $70,000 (2027+). 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.", From 3204f1a2daf2d50d69e6a769451f7f9dcfedddc4 Mon Sep 17 00:00:00 2001 From: David Trimmer Date: Fri, 3 Apr 2026 15:14:14 -0400 Subject: [PATCH 2/2] Update GA HB463 to use triggered baseline assumption Changed baseline from static 5.19% to triggered rates: - 2026: 5.09% - 2027+: 4.99% (floor under current law) This reduces the 9-year revenue impact from ~$84B to ~$37B. Co-Authored-By: Claude Opus 4.5 --- src/data/analysisDescriptions.js | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/src/data/analysisDescriptions.js b/src/data/analysisDescriptions.js index 8d530fb..2c577cf 100644 --- a/src/data/analysisDescriptions.js +++ b/src/data/analysisDescriptions.js @@ -28,7 +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 (Georgia Economic Growth and Tax Relief Act of 2026) assuming all revenue triggers are met. Reduces income tax rate from 5.19% to 4.99% in 2026, then 0.125pp annually until reaching 3.99% in 2034. Increases standard deductions ($15,000/$30,000 single/joint in 2026 to $18,000/$36,000 in 2034), raises dependent exemption ($5,000 in 2026 to $6,000 in 2034), and increases retirement income exclusion for 65+ from $65,000 to $70,000 (2027+). Excludes tips/overtime exemptions and credit repeals.", + "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.",