Income tax; exclude overtime compensation

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, exemptions, and credits for state income tax, so as to exclude overtime compensation from taxation; to provide for reporting by employers; to provide for rules and regulations; to provide for a definition; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purpo…

Source: OpenStates · fetched February 12, 2025

• W-2 worker (non-union)directModerate impactHigh certainty

  Overtime compensation will be excluded from state income tax, resulting in increased take-home pay for affected workers.

  “so as to exclude overtime compensation from taxation”· Title

Fiscal impact: Moderate (The exclusion of overtime compensation from state income tax will likely lead to a reduction in state tax revenue. The exact fiscal impact would depend on the amount of overtime worked and the tax rates.)