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Tax Cuts Pass In Multiple States In April, With More In Store For May

Apr 30, 2024, 9:58 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Iowa, Georgia, and South Carolina have approved income tax rate reductions. - Iowa's tax rate is expected to fall to 3.8% by the end of 2024. - Georgia's flat personal income tax rate has been reduced from 5.49% to 5.39%. - Tennessee legislature passed a franchise tax cut saving employers $400 million annually. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Economic

  • Iowa, Georgia, and South Carolina have approved income tax rate reductions.
  • Iowa's tax rate is expected to fall to 3.8% by the end of 2024.
  • Georgia's flat personal income tax rate has been reduced from 5.49% to 5.39%.
  • Tennessee legislature passed a franchise tax cut saving employers $400 million annually.

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