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Georgia to Eliminate Income Tax by 2032, Boosting Business

1/8/2026

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Summary

Story summary

Georgia plans to phase out its personal income tax by 2032, led by Georgia Lt. Gov. Burt Jones, to improve affordability and attract businesses.
The Georgia income tax currently raises about $16.5 billion, or 44% of state revenue.
Missouri is pursuing a similar plan to offset lost revenue by expanding sales taxes, a move that could disproportionately affect lower-income residents.

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Story summary

Georgia plans to phase out its personal income tax by 2032, led by Georgia Lt. Gov. Burt Jones, to improve affordability and attract businesses.
The Georgia income tax currently raises about $16.5 billion, or 44% of state revenue.
Missouri is pursuing a similar plan to offset lost revenue by expanding sales taxes, a move that could disproportionately affect lower-income residents.