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| Georgia General Assembly |
HB104.html
House Bill 104
By:
Representatives Buck of the 135th, Royal of the 164th,
Jamieson of the 22nd, Skipper of the 137th and Heard of
the 89th
A BILL TO BE
ENTITLED
AN ACT
To amend Code Section 48-7-20 of the Official Code of
Georgia Annotated, relating to state income taxation, so as to change certain
tax tables used for computing such tax; to provide an effective date; to provide
for applicability; to repeal conflicting laws; and for other purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF
GEORGIA:
SECTION 1.
Code Section 48_7_20 of the Official Code of Georgia
Annotated, relating to state income taxation, is amended by striking paragraph
(1) of subsection (b) and inserting in its place a new paragraph (1) to read as
follows:
"(b)(1)
The tax imposed pursuant to subsection (a) of this Code section shall be
computed in accordance with the following tables:
SINGLE PERSON
AND
MARRIED PERSON FILING A SEPARATE
RETURN
If Georgia Taxable
Net Income Is:
The Tax Is:
Not over $750.00 1%
Over $750.00 but not over $2,250.00 $7.50 plus 2% of
amount over $750.00
Over $2,250.00 but not over $3,750.00 $37.50 plus 3%
of
amount over $2,250.00
Over $3,750.00 but not over $5,250.00 $82.50 plus 4%
of
amount over $3,750.00
Over $5,250.00 but not over $7,000.00 $142.50 plus 5%
of
amount over $5,250.00
Over $7,000.00 $230.00 plus 6% of
amount over $7,000.00
MARRIED PERSON FILING A SEPARATE
RETURN
If Georgia
Taxable
Net Income Is:
The Tax Is:
Not over
$500.00 1%
Over $500.00 but not over $1,500.00
$5.00 plus 2% of
amount over $500.00
Over $1,500.00 but not over
$2,500.00 $25.00 plus 3% of
amount over $1,500.00
Over $2,500.00 but not over
$3,500.00 $55.00 plus 4% of
amount over $2,500.00
Over $3,500.00 but not over
$5,000.00 $95.00 plus 5% of
amount over $3,500.00
Over $5,000.00 $170.00 plus
6% of
amount over
$5,000.00
MARRIED PERSONS FILING A JOINT
RETURN
If Georgia Taxable
Net
Income Is:
The Tax Is:
Not over $1,500.00
1%
Over $1,500.00 but not
over $4,500.00 $15.00 plus 2% of
amount over $1,500.00
Over $4,500.00 but not over $7,500.00
$75.00 plus 3% of
amount over
$4,500.00
Over $7,500.00 but not over
$10,500.00 $165.00 plus 4% of
amount over $7,500.00
Over $10,500.00 but not over $14,000.00
$285.00 plus 5% of
amount over
$10,500.00
Over $14,000.00 $460.00 plus
6% of
amount over $14,000.00
HEAD OF HOUSEHOLD AND MARRIED
PERSONS
FILING A JOINT
RETURN
If Georgia Taxable
Net Income Is:
The Tax Is:
Not over $1,000.00 1%
Over $1,000.00 but not over $3,000.00 $10.00 plus 2%
of
amount over $1,000.00
Over $3,000.00 but not over $5,000.00 $50.00 plus 3%
of
amount over $3,000.00
Over $5,000.00 but not over $7,000.00 $110.00 plus 4%
of
amount over $5,000.00
Over $7,000.00 but not over $10,000.00 $190.00 plus
5% of
amount over $7,000.00
Over $10,000.00 $340.00 plus 6% of
amount over
$10,000.00"
SECTION 2.
This Act shall become effective upon its approval by the
Governor or upon its becoming law without such approval and shall be applicable
to all taxable years beginning on or after January 1, 2001.
SECTION 3.
All laws and parts of laws in conflict with this Act are
repealed.