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There are 6 flat tax rates in Georgia: corporate profit tax, value added tax, excise tax, personal income tax, import tax and property tax. [1] Personal income tax in Georgia are collected at a flat rate of 20% on local-source income. Foreign-source personal income is tax-exempt. [2]
The Georgia Department of Revenue (GDOR) is the principal tax collection agency in the U.S. state of Georgia. The Department administers tax laws and enforces laws and regulations concerning alcohol and tobacco products in the state. [1] The Georgia Department of Revenue is headquartered in Atlanta, Georgia
The Georgia Budget & Policy Institute (abbreviated GBPI) is a nonprofit organization based in Atlanta, Georgia, United States, that analyzes tax policies and proposed budgets in Georgia. [2] It was founded in 2004 by Alan Essig, who served as its executive director until January 2015, when he left the organization for Lansing, Michigan .
“Given the large increase in home values across Georgia in recent years, many school districts, cities, and counties have been able to count on a boost in revenue without raising tax rates year ...
The legislation, which was proposed by the governor, will accelerate a state income tax reduction that took effect this year, rolling back the income tax rate from 5.49% to 5.39%.
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