The recent tax cut passed by the Georgia General Assembly is directly affected by the so-called COVID relief law that includes $350 billion in federal aid to states and localities. Georgia and other states may use the money to increase spending, but the Democrat-controlled Congress inserted language that appears to block states from using it to cut taxes. “A state or territory shall not use the funds,” the law says, “to either directly or indirectly offset a reduction in the net tax revenue” from a new law or regulation.
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