Plain English Breakdown
The official summary states the bill provides for an effective date but does not explicitly state whether it applies to past years.
Exempting Active Military Pay from Georgia State Income Tax
This law exempts income received as personal compensation for full-time duty in the active U.S. military service from state income tax.
What This Bill Does
- Amends Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated regarding state income tax rules.
- Exempts income received as personal compensation for full-time duty in the active U.S. military service from state income tax.
- Repeals laws that conflict with this change.
Who It Names or Affects
- People who receive personal compensation for full-time duty in the active U.S. military service and are subject to Georgia state income tax.
Limits and Unknowns
- The official text provided does not specify if this exemption applies retroactively.
- The official text provided does not detail how taxpayers must claim the exemption on their forms.