ATLANTA – State Representative Mike Cameron (R-Rossville) applauds Speaker Jon Burns’ (R-Newington) recent announcement to roll out a package of legislative priorities aimed at providing tax relief to Georgia families.
“I would like to thank Speaker Burns and the members of the House Majority Caucus for continuing the fight to cut taxes and bring much-needed financial relief to families across the state,” said Rep. Cameron. “With these new tax cuts, residents in House District 1 are sure to feel relief at the gas pump, in the grocery store and when it comes to providing essential care for their children. I am proud to back this monumental tax proposal for Georgia families and commend Speaker Burns and my fellow House colleagues for their hard work and dedication put towards supporting Georgians during these tough economic times.”
The proposed tax legislation is as follows:
State Representative Lauren Daniel (R-Locust Grove) will sponsor House Bill 1021, legislation that would increase the child tax deduction from $3,000 to $4,000. This legislation would allow for an extra $1,000 deduction per child, which could help offset the costs of childcare. The full text of HB 1021 may be found here.
Next, State Representative Matt Reeves (R-Duluth) will sponsor House Bill 1019, legislation that would double the homestead exemption from $2,000 to $4,000—delivering relief to homeowners across the state. The full text of HB 1019 may be found here.
Third, Chairman of the House Committee on Ways and Means Shaw Blackmon (R-Bonaire) will sponsor House Bill 1024, legislation that would remove the cap on the Revenue Shortfall Reserve, which would allow the state to save responsibly, build its reserves and provide more taxpayer relief to Georgia families both in the short-term and the long-term. The full text of HB 1024 may be found here.
Finally, the Governor’s Floor Leader Lauren McDonald (R-Cumming) will sponsor House Bill 1015, legislation that would continue building on the House-led tax cut by accelerating the cut to the state income tax from 5.75 percent to 5.39 percent—which would return another $1 billion to Georgia taxpayers. The full text of HB 1015 may be found here.