Jul 1, 2024, 7:02 PM
Jul 1, 2024, 4:14 AM

Georgia introduces new laws on hemp, rental standards, income taxes

Highlights
  • Georgia has enacted new laws regulating the sale of hemp products.
  • The state is setting standards for rental properties and cutting income taxes.
  • These laws also mandate cash bail for certain crimes.
Story

Georgia has implemented new laws impacting various aspects of daily life in the state. These laws include restrictions on the sale of hemp products, regulations for rented residences, income tax cuts, and the requirement of cash bail for additional crimes. Governor Brian Kemp signed these laws, with some facing legal challenges. One significant change is the acceleration of a planned state income tax cut, resulting in a flat 5.39% income tax rate retroactive to January 1. This move follows a transition from a tiered income tax system to a flat rate. The corporate income tax rate is also set to decrease gradually. Additionally, retailers are now limited to selling hemp products, such as CBD, to individuals aged 21 and older, with strict testing and labeling requirements in place. The new laws also mandate cash bail for 30 more crimes, including certain misdemeanors, under Senate Bill 63. While judges retain the authority to set low bails, concerns have been raised about the impact on individuals and charitable bail funds. A federal judge has temporarily halted part of the law related to bail restrictions, pending further legal review. Overall, these legislative changes aim to address various issues in Georgia, from taxation to public safety. The state continues to navigate the complexities of implementing these new regulations while balancing legal challenges and public feedback. The impact of these laws on residents, businesses, and the criminal justice system will be closely monitored in the coming months.

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