GA HB880: HB880 | PolicyEngineHypothetical 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.Key Provisions

Georgia Income Tax Rate: Reduces Georgia flat income tax rate by 0.10pp annually from 2028-2035, reaching 4.19% in 2035. Note: 2027 rate matches baseline as triggers are assumed met. (4.99% (assuming current law triggers met) → 4.99% (2027) → 4.19% (2035))

Standard Deduction (Joint/Surviving Spouse): Increases standard deduction for joint filers by $1,200 annually from 2027-2035. ($24,000 → $25,200 (2027) → $34,800 (2035))

Standard Deduction (Single/HOH/Separate): Increases standard deduction for single, head of household, and separate filers by $600 annually from 2027-2035. ($12,000 → $12,600 (2027) → $17,400 (2035))

Dependent Exemption: Increases dependent exemption by $200 annually from 2027-2035. ($4,000 → $4,200 (2027) → $5,800 (2035))

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