Overtime Income Tax Exemption Act; enact

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 up to $10,000.00 of overtime wages per employee from taxation; to provide for reporting by employers; to provide reporting by the department to the General Assembly; to provide for a sunset date; to provide for related matters; to provide for a short title; to provide for l…

Source: OpenStates · fetched March 28, 2025

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

  Increases take-home pay by excluding overtime wages from state income tax.

  “so as to exclude up to $10,000.00 of overtime wages per employee from taxation”· Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated

Fiscal impact: Moderate (The exclusion of overtime wages from taxation will reduce state income tax revenue. The exact magnitude depends on the number of employees earning overtime and the total amount of overtime wages paid.)