Legislative Update – Week 7

Crossover Day is fast approaching and state lawmakers worked tirelessly during Week Seven (Legislative Days 22-26) to advance legislation that strengthens our economy and ensures a prosperous future for Georgia families. Bills that do not “crossover” from one chamber to the other before the deadline (February 28) will be deemed inactive for the remainder of session.
Tax Reform
While the Crossover Day deadline is daunting, we are making steady progress. On Thursday, the State House passed sweeping tax reform legislation.
HB 918 lowers the top income tax rate from 6% to 5.75%, doubles the standard deduction, and saves taxpayers $5 billion over the next 5 years.  Cutting the state’s income tax rate is a huge win for hardworking Georgia taxpayers!
Crossover Deadline Update
I am proud to report that this year’s banking bill, HB 780, has passed the House and is currently under consideration by the Senate.
If a national bank or federal credit union has the power to engage in an activity that our state-chartered banks and credit unions cannot engage in, then, so long as the activity is safe and sound, the Commissioner has the ability to declare parity.  Quite simply, a parity determination gives Georgia the ability to level the playing field between Georgia state-chartered institutions and federal chartered institutions.
2018 State of the Judiciary
On Thursday, Georgia Supreme Court Chief Justice P. Harris Hines, a long time family friend who is retiring later this year, delivered the last “State of the Judiciary” address of his career. We appreciate Justice Hines and his years of service on the bench! ++ Sic Vos Non Vobis Justice Hines!! ++
Johnny Isakson Under the Gold Dome
U.S. Senator Johnny Isakson and Congressman Jody Hice stopped by the State Capitol during Week Seven to provide an update from Washington, D.C.
Vickie and I had a chance to say hello and tell them both that we appreciate their service to Georgia!
As always, it is an honor to represent you and your loved ones in the Georgia General Assembly.  Please feel free to call (404-656-5024) or email (bruce.williamson@house.ga.gov) with any questions or concerns.
Rep. Bruce Williamson
District 115
Georgia General Assembly

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