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Bill > HB231
GA HB231
GA HB231Income tax; certain income received by taxpayers as retirement benefits from military service in the armed forces of the United States or the reserve components; exempt
summary
Introduced
02/08/2019
02/08/2019
In Committee
Crossed Over
Passed
Dead
06/26/2020
06/26/2020
Introduced Session
2019-2020 Regular Session
Bill Summary
A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, and exemptions from state income tax, so as to exempt from state income tax certain income received by taxpayers as retirement benefits from military service in the armed forces of the United States or the reserve components thereof; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
AI Summary
This bill amends the Georgia state income tax law to exempt from taxation certain income received by taxpayers as retirement benefits from military service in the armed forces or the reserve components, up to the lesser of the individual's earned income or $35,000. This exemption applies to individuals who are less than 62 years of age. The bill becomes effective on July 1, 2019, and applies to all taxable years beginning on or after January 1, 2019.
Sponsors (6)
Shaw Blackmon (R)*,
Heath Clark (R)*,
Jesse Petrea (R)*,
Richard Smith (R)*,
Calvin Smyre (D)*,
Al Williams (D)*,
Last Action
House Second Readers (on 02/12/2019)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| BillText | http://www.legis.ga.gov/Legislation/20192020/180921.pdf | 02/09/2019 |
| Bill | http://www.legis.ga.gov/legislation/en-us/display/20192020/hb/231 | 02/09/2019 |
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