Gov. Kemp signs bills to cut taxes for Georgians and increase incentives for adoption

Georgia News

ATLANTA (WSAV/AP) – Monday morning at the State Capitol, Governor Brian P. Kemp signed two bills aimed at cutting taxes for Georgians and increasing incentives for adoption.

The bills being signed are H.B. 593 and H.B. 114.

House Bill 593 will raise the amount of money someone could earn before starting to pay state income taxes.

It will reduce Georgia’s overall income taxes by an estimated $140 million.

The tax cut will save individual tax filers up to $43 a year, and married couples filing jointly up to $63.

The tax cut takes effect Jan. 1.

Most Georgians are unlikely to notice it until 2023, when they file income tax returns for 2022.

HB 114 triples adoption tax credits per a child from $2000 to $6000 for 5 years.

“Placing our kids in caring families is not controversial or partisan,” said Gov. Kemp. “Making that process easier is the least we can do as public officials to serve our most vulnerable citizens. By enacting this bill into law, we are ensuring a safer future for Georgia’s foster children.”

Watch the Governor’s press event ahead of the signing of the bills in the video above.

The Associated Press contributed to this article.

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