Plain English Breakdown
The provided bill text excerpt is largely unreadable (PDF binary data), so verification relies entirely on the official summary and metadata.
Exempting Military Retirement Income from Georgia State Tax
This bill changes Georgia law to stop taxing retirement money earned by people who served in the U.S. armed forces or their reserve units.
What This Bill Does
- Amends Chapter 7 of Title 48 of the Official Code of Georgia Annotated regarding income taxes.
- Exempts all income received as retirement benefits from service in the United States armed forces.
- Exempts all income received as retirement benefits from reserve components of the U.S. armed forces.
Who It Names or Affects
- People who receive retirement benefits for service in the United States armed forces.
- People who receive retirement benefits for service in reserve components of the U.S. military.
Limits and Unknowns
- The official text does not state a specific date when this law will take effect, though it mentions providing one.
- The bill summary states it provides for an effective date and applicability but does not list the specific details in the provided excerpt.