Georgia 2025-2026 Regular Session

Georgia House Bill HB112 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	25 LC 59 0029-EC~~/AP~~
2		-	House Bill 112 ~~(AS PASSED HOUSE AND SENATE)~~
	1	+	25 LC 59 0029-EC
	2	+	House Bill 112
3	3		By: Representatives McDonald III of the 26
4	4		th
5	5		, Hong of the 103
6	6		rd
7	7		, Gambill of the 15
8	8		th
9	9		, Wade
10	10		of the 9
11	11		th
12	12		, Powell of the 33
13	13		rd
14	14		, and others
15	15		A BILL TO BE ENTITLED
16	16		AN ACT
17	17		To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to
18	18		1
19	19		income taxes, so as to provide for a one-time tax credit for individual taxpayers who filed2
20	20		income tax returns for the 2023 and 2024 taxable years; to provide for a definition; to provide3
21	21		for related matters; to provide for an effective date; to repeal conflicting laws; and for other4
22	22		purposes.5
23	23		BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6
24	24		SECTION 1.7
25	25		Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes,8
26	26		is amended by adding a new Code section to read as follows:9
27	27		"48-7-20.3.
28	28		10
29	29		(a) As used in this Code section, the term 'qualified taxpayer' means an individual taxpayer11
30	30		who filed an individual income tax return for both the 2023 and 2024 taxable years by the12
31	31		due date for filing the income tax return for the 2024 taxable year, including any extensions13
32	32		which have been granted. Such term shall:14
33	33		(1) Not include any:15
34	34		(A) Nonresident alien individual;16
35	35		H. B. 112
36		-	- 1 - 25 LC 59 0029-EC~~/AP~~
	36	+	- 1 - 25 LC 59 0029-EC
37	37		(B) Individual who was claimed as a dependent by another taxpayer for federal or17
38	38		Georgia income tax purposes for the 2023 taxable year; or18
39	39		(C) Estate or trust; and19
40	40		(2) Include any individual taxpayer excluded solely due to subparagraph (B) of20
41	41		paragraph (1) of this subsection, provided that such individual had earned income for the21
42	42		2023 taxable year.22
43	43		(b)(1) Once a qualified taxpayer files an individual income tax return for the 202423
44	44		taxable year, the department shall automatically credit such qualified taxpayer with a24
45	45		one-time refund amount equal to the lesser of:25
46	46		(A) The qualified taxpayer's 2023 individual income tax liability as properly reported26
47	47		on Line 16 of the 2023 Georgia Form 500 or Line 4 of the 2023 Georgia Form 500EZ;27
48	48		or28
49	49		(B) An amount, which is based on such taxpayer's filing status for the 2023 taxable29
50	50		year, equal to:30
51	51		(i) In the case of a single taxpayer or a married taxpayer filing a separate return,31
52	52		$250.00;32
53	53		(ii) In the case of a head of household, $375.00; or33
54	54		(iii) In the case of a married couple filing a joint return, $500.00.34
55	55		(2) Notwithstanding the provisions of paragraph (1) of this subsection, in the case of any35
56	56		taxable nonresident or part-year resident whose tax was prorated as provided by Code36
57	57		Section 48-7-85, the amount of the refund credit determined pursuant to paragraph (1) of37
58	58		this subsection shall be prorated based on the ratio of income taxable to Georgia as38
59	59		properly reported on Schedule 3, Line 9 of the Georgia Form 500 for the 2023 taxable39
60	60		year.40
61	61		(3) In no event shall the department credit pursuant to this Code section any taxpayer41
62	62		with a refund greater than the taxpayer's individual income tax liability as properly42
63	63		H. B. 112
64		-	- 2 - 25 LC 59 0029-EC~~/AP~~
	64	+	- 2 - 25 LC 59 0029-EC
65	65		reported on Line 16 of the 2023 Georgia Form 500 or Line 4 of the 2023 Georgia Form43
66	66		500EZ.44
67	67		(c) The refunds and credits provided for in this Code section shall not constitute taxable45
68	68		income for Georgia individual income tax purposes.46
69	69		(d) Any refunds due under this Code section to a taxpayer shall be either electronically47
70	70		transmitted or sent by check to such taxpayer, based on the taxpayer's refund instructions,48
71	71		if any, as indicated on the taxpayer's income tax return for the 2024 taxable year, provided49
72	72		that such refund shall first be credited against any outstanding liability existing at the time50
73	73		the refund provided for in this Code section is to be issued.51
74	74		(e) In no event shall the amount of a refund or credit provided for in this Code section52
75	75		accrue interest for the benefit of the taxpayer or be paid or credited to the taxpayer with53
76	76		interest.54
77	77		(f) Any amount due to be refunded or credited to a taxpayer pursuant to this Code section55
78	78		shall be subject to the setoff debt collection provisions of Article 7 of this chapter.56
79	79		(g) The commissioner may promulgate any rules and regulations necessary to implement57
80	80		and administer this Code section."58
81	81		SECTION 2.59
82	82		This Act shall become effective upon its approval by the Governor or upon its becoming law60
83	83		without such approval.61
84	84		SECTION 3.62
85	85		All laws and parts of laws in conflict with this Act are repealed.63
86	86		H. B. 112
87	87		- 3 -