Bill > HB264

This bill amends Georgia's income tax law to provide a complete income tax exemption for residents who have reached the age of 100 or older prior to January 1 of the taxable year, starting from January 1, 2025. Specifically, the legislation modifies the existing tax code by adding language that fully exempts individuals who are 100 years old or older from paying state income tax. The exemption applies to residents of Georgia and takes effect for tax years beginning on or after January 1, 2025. This means that any Georgia resident who has celebrated their 100th birthday before the start of a tax year will not be required to pay state income taxes for that year. The bill represents a significant tax relief measure for centenarians, recognizing their advanced age and potentially limited income sources. The legislation follows standard legal procedure by including a clause that repeals any conflicting laws, ensuring a clean implementation of the new tax exemption.

Budget and Finance

https://www.legis.ga.gov/legislation/69924