SB 126 — State Income Tax; certain income received by taxpayers as retirement or disability benefits from military service in the armed forces of the United States; exempt
Senate Read and Referred
A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, and exemptions from state income tax, so as to exempt from state income tax certain income received by taxpayers as retirement or disability benefits from military service in the armed forces of the United States or the reserve components thereof; to repeal certain expired provisions; to clarify certain language; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
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