SB118: "Georgia Work and Family Credit Act"; enact

Legislative Summary

A BILL to be entitled an Act to amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to revise a state income tax credit based upon the federal qualified child and dependent care tax credit; to provide for a state income tax credit equal to 25 percent of the federal child tax credit; to provide for an income tax credit equal to 20 percent of the federal earned income tax credit; to provide for rules and regulations; to provide for a short title; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.