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GA HB407
GA HB407Income tax; retirement income received as benefits from service in the armed forces of the United States and the reserve components; exempt
summary
Introduced
02/10/2021
02/10/2021
In Committee
Crossed Over
Passed
Dead
04/04/2022
04/04/2022
Introduced Session
2021-2022 Regular Session
Bill Summary
AN ACT To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to exempt retirement income received as retirement benefits derived from service in the armed forces of the United States and the reserve components thereof from taxation; 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 exempts retirement income received as benefits from service in the armed forces of the United States and the reserve components thereof from Georgia state income tax, effective for tax years beginning on or after January 1, 2021. It amends the state's income tax code to allow for this exemption and repeals any conflicting laws.
Committee Categories
Budget and Finance
Sponsors (6)
Beth Camp (R)*,
Matthew Gambill (R)*,
Michael Glanton (D)*,
Lauren McDonald (R)*,
Brad Thomas (R)*,
Will Wade (R)*,
Last Action
House Second Readers (on 02/16/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| BillText | https://www.legis.ga.gov/api/legislation/document/20212022/197373 | 02/11/2021 |
| Bill | https://www.legis.ga.gov/legislation/59569 | 02/11/2021 |
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