HB 749 — Income tax; retirement income is applicable as a retirement benefit from noncivilian service in the United States armed forces; clarify an exemption
House Date Signed by Governor
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 clarify an exemption for retirement income is applicable to income received by a taxpayer as a retirement benefit from noncivilian service in the armed forces of the United States or the reserve components thereof; to provide an exemption for certain military retirement income for surviving family members; 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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