For Immediate Release
Thursday, August 11, 2022
ATLANTA – Today at the State Capitol, Governor Brian Kemp was joined by state leaders and members of the GOP ticket as he announced two major proposals for his second term to help Georgians fight through the 40-year-high inflation caused by the dangerous Biden-Abrams agenda.
The proposals announced by Governor Kemp are a $1 billion income tax rebate to Georgia taxpayers and an additional $1 billion “Georgia Homeowner Rebate” for homeowners across the state.
“The proposals I am announcing today put the people of our state and their families first,” said Governor Kemp. “These policies will provide real inflation relief to Georgia families struggling through the failed Biden-Abrams agenda. As the Governor of our great state, Georgians have my commitment that I will continue fighting to protect your family budget, your livelihood, and to keep our state the best place to live, work, and raise a family.”
Watch the livestream of the Governor’s announcement here.
$1 Billion Tax Rebate
Mirroring the rebate passed earlier this year, this proposal – if passed by the General Assembly – will use nearly $1 billion in funds from the state budget surplus to return money to Georgians’ pockets – because that is your money, not the government’s.
Georgians can expect to receive payments of $250 for single filers, $375 for a single filer who is head of household, and $500 for a married couple filing jointly.
Georgia Homeowner Rebate
As the cost to own a home skyrockets under Bidenflation, this proposal will allocate an additional $1 billion to fund homeowner tax relief at the local level in the amended fiscal year 2023 budget. Pending approval by the General Assembly, approximately $1 billion will be sent to local governments who will then exempt up to $20,000 of the eligible assessed value of each qualified homestead in the state for the 2023 tax year.
This grant will save the average homeowner in Georgia between 15 and 25 percent – or $500 on average – on their local property tax bill next year.
Tate Mitchell – Press Secretary
Kemp for Governor