Plain English Breakdown
The effective date is mentioned as a provision of the bill but no specific date is provided in the text or metadata.
Exempting Military Retirement Income from Georgia State Tax
This bill changes Georgia law to exempt retirement income received as benefits for service in the U.S. armed forces or their reserve components from state taxation.
What This Bill Does
- Amends Chapter 7 of Title 48 of the Official Code of Georgia Annotated regarding income taxes.
- Exempts all retirement income received as retirement benefits derived from service in the U.S. armed forces or their reserve components from taxation.
Who It Names or Affects
- People who receive retirement income based on service in the U.S. armed forces or reserve components.
Limits and Unknowns
- The official text mentions providing for an effective date and applicability but does not state a specific date.
- The bill summary notes it provides for related matters without listing what those other changes are.