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| Georgia General Assembly |
HB22.html
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 for a short title; 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.
This Act shall be known as the "Pro-family Tax Equity Act of
2001."
SECTION 2
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 3.
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 4.
All laws and parts of laws in conflict with this Act are
repealed.