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GA SB26
GA SB26State Income Taxes; with regard to military retirement income, to determine and apply a cost-of-living adjustment to the amount of allowable retirement pay; require the state revenue commissioner
summary
Introduced
01/17/2025
01/17/2025
In Committee
02/27/2025
02/27/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, computation, exemptions, and credits relative to state income taxes, so as to require the state revenue commissioner, with regard to military retirement income, to determine and apply a cost-of-living adjustment to the amount of allowable retirement pay excluded from Georgia taxable net income; to provide for rules and regulations; 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 Georgia state income tax law to require the state revenue commissioner to establish regulations for applying cost-of-living adjustments (COLAs) to military retirement income excluded from taxable state income. Specifically, the commissioner will need to develop rules that use an appropriate inflation index, such as the Consumer Price Index reported by the U.S. Bureau of Labor Statistics, to adjust the amount of military retirement income that can be excluded from Georgia state taxes. The goal is to ensure that military retirees' tax exemptions keep pace with changes in the cost of living. The bill will take effect on July 1, 2025, and will apply to all taxable years beginning on or after January 1, 2026, meaning military retirees will see these potential tax exemption adjustments starting in the 2026 tax year. By allowing the commissioner to use federal inflation indices, the bill provides flexibility in determining how to protect military retirement income from the eroding effects of inflation.
Committee Categories
Budget and Finance
Sponsors (12)
Jason Anavitarte (R)*,
Timothy Bearden (R)*,
Matt Brass (R)*,
Ed Harbison (D)*,
Billy Hickman (R)*,
Nabilah Islam Parkes (D)*,
Emanuel Jones (D)*,
Harold Jones (D)*,
Chuck Payne (R)*,
Doc Rhett (D)*,
Shawn Still (R)*,
Kenya Wicks (D)*,
Last Action
Senate Finance Committee (15:00:00 2/18/2026 MEZZ 1) (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/69487 |
| Fiscal Note | https://www.legis.ga.gov/api/legislation/document/20252026/234240 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/230205 |
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