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HB18.html
01 LC 25 1852
House Bill
18
By: Representatives Snelling of the 99th,
Westmoreland of the 104th, Jennings of the 63rd, Graves of
the 125th, Kaye of the 37th and others
A BILL TO BE
ENTITLED
AN ACT
To amend Chapter 7 of Title 48 of the Official Code of
Georgia Annotated, relating to income taxes, so as to equalize tax treatment of
married and single persons in certain matters; 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.
Chapter 7 of Title 48 of the Official Code of Georgia
Annotated, relating to income taxes, is amended by striking paragraph (1) of
subsection (b) of Code Section 48-7-20, relating to individual income tax rates,
tax tables, credit for withholding and other payments, and applicability to
estates and trusts, which reads 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
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
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",
and inserting in lieu thereof the
following:
"(b)(1) The
tax imposed pursuant to subsection (a) of this Code section shall be computed in
accordance with the following tables:
SINGLE PERSON OR 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 JOINT
RETURN
OR HEAD OF HOUSEHOLD
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"
SECTION
2.
Said chapter is further amended by striking subparagraphs
(a)(1)(B) and (a)(1)(C) of Code Section 48-7-27, relating to computation of
taxable net income, and inserting in lieu thereof the
following:
"(B)
In the case of a married taxpayer filing a separate return,
$1,500.00 $2,300.00;
(C) In
the case of a married couple filing a joint return, $3,000.00
$4,600.00;"
SECTION 3.
Said chapter is further amended by striking subsection (a)
of Code Section 48-7-101, relating to collection of income tax at the source and
withholding, which reads as follows:
"(a) Wages
subject to withholding. The amount of wages subject to withholding shall be the
amount of each wage payment less the total withholding exemption allowance
applicable to the wage payment as computed under subsection (b) of this Code
section and less the standard deduction allowance applicable to the wage
payment, determined according to the payroll period and marital status of the
employee as follows:
Payroll Period
Married
Filing
Jointly
Single
Married
Filing
Separately
Weekly
$ 57.50
$
44.25
$ 28.75
Biweekly
115.00
88.50
57.50
Semimonthly
125.00
95.75
62.50
Monthly
250.00
191.50
125.00
Quarterly
750.00
575.00
375.00
Semiannual
1,500.00
1,150.00
750.00
Annual
3,000.00
2,300.00
1,500.00
Daily
or
Miscellaneous
8.20
6.30
4,10",
and inserting in lieu thereof the
following:
"(a)
Wages subject to withholding. The amount of wages subject to withholding shall
be the amount of each wage payment less the total withholding exemption
allowance applicable to the wage payment as computed under subsection (b) of
this Code section and less the standard deduction allowance applicable to the
wage payment, determined according to the payroll period and marital status of
the employee as follows:
Payroll Period
Married
Filing
Jointly
Single
Married
Filing
Separately
Weekly
$ 88.50
$
44.25
$ 44.25
Biweekly
177.00
88.50
88.50
Semimonthly
191.50
95.75
95.75
Monthly
383.00
191.50
191.50
Quarterly
1,150.00
575.00
575.00
Semiannual
2,300.00
1,150.00
1,150.00
Annual
4,600.00
2,300.00
2,300.00
Daily
or
Miscellaneous
12.60
6.30
6.30"
SECTION 4.
This Act shall become effective January 1, 2002, and shall
apply to all taxable years beginning on or after that date.
SECTION 5.
All laws and parts of laws in conflict with this Act are
repealed.