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Georgia: $500 Tax Refund For Grabs: Who Are Qualified?

WASHINGTON - APRIL 15: Tea Party members hold a Tax Day protest against "big government and to support lower taxes, less government and more freedom" April 15, 2010 in Washington, DC. The Tea Partyers gathered in Washington to mark April 15, the day most Americans are required to file income tax returns. (Photo by Win McNamee/Getty Images)

Governor Brian Kemp proposed making the one-time direct payments using $1 billion of the state’s $6.6 billion budget surplus, which could result in millions of Georgians receiving tax credits of up to $500. 

To revise this year’s budget to spend an additional $2.4 billion in anticipated revenue, The Associated Press said the Georgia House on Thursday authorized funding for a $1 billion property cut and a $1 billion income break.


NEW YORK, NY – APRIL 15: People participate in a Tax Day protest on April 15, 2017 in New York City. Activists in cities across the nation are marching today to call on President Donald Trump to release his tax returns. (Photo by Stephanie Keith/Getty Images)

Georgia House Approves Amended Budget With Cash for Tax Breaks

An 11Alive report mentioned that the Georgia House approved House Bill 18, which includes $1 billion property break and $1 billion income break, on Thursday by a vote of 170-1 in favor, sending it to the Senate for more discussion. 

Gov. Brian Kemp now proposes spending $32.6 billion of state revenue in the fiscal year that ends on June 30, an increase of 7.3% from what the Republican had predicted the previous year. Total spending would increase to $61.6 billion when federal and other funds are included. 

ALSO READ: Californians Can Receive Up To $1,050 Tax Rebates Through Debit Cards But Expires On 2026

The House budget proposal would also move $100 million into employee health insurance to mitigate a significant rise in public school districts’ health insurance premiums. Separate parliamentary authorisation is required for each break.

Who Are Eligible For This Special Rebate

In the event that the plan is put into effect, Marca said lawmakers will base it on House Bill 1302, which gave Georgian taxpayers a $500 rebate the previous year. This measure increased the joint filing limits for married couples to $500, head of household filers to $375, and single filers to $250. 

Residents were qualified for the compensation if they submitted returns in 2020 or 2021. However, some payers who filed online also received a direct transfer. Most of them received their money through a physical check handed to them. 

The governor also spoke about a $1 billion property tax relief plan that the state House had approved and would provide the average homeowner in Georgia a $500 rebate.

RELATED ARTICLE: Tax Rebate In South Carolina: Eligible Taxpayers To Receive One-Time $800 Check Soon

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