The governor of the U.S. state of Georgia has announced the signing of House Bill (HB) 111 into law on 15 April 2025. HB 111 accelerates the scheduled reduction in the individual income tax rate introduced by HB 1437 in 2022. As previously reported, HB 1437 provided that the individual income tax rate would be 5.49% for tax years beginning on or after 1 January 2024 and reduced by 0.10% per year until reaching a tax rate of 4.99% for tax years beginning on or after 1 January 2029. The reduction each year is subject to certain state revenue requirements....