| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 25 LC 50 1012 | |
| 2 | 2 | House Bill 234 | |
| 3 | 3 | By: Representatives Townsend of the 179 | |
| 4 | 4 | th | |
| 5 | 5 | , LaHood of the 175 | |
| 6 | 6 | th | |
| 7 | 7 | , Cheokas of the 151 | |
| 8 | 8 | st | |
| 9 | 9 | , | |
| 10 | 10 | Crowe of the 118 | |
| 11 | 11 | th | |
| 12 | 12 | , Hagan of the 156 | |
| 13 | 13 | th | |
| 14 | 14 | , and others | |
| 15 | 15 | A BILL TO BE ENTITLED | |
| 16 | 16 | AN ACT | |
| 17 | 17 | To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to | |
| 18 | 18 | 1 | |
| 19 | 19 | income taxes, so as to exempt from taxable net income certain income received by a2 | |
| 20 | 20 | commercial pilot, aircraft mechanic, or aircraft service technician as a sign-on bonus or3 | |
| 21 | 21 | retention bonus; to provide for related matters; to provide for an effective date and4 | |
| 22 | 22 | applicability; to repeal conflicting laws; and for other purposes.5 | |
| 23 | 23 | BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6 | |
| 24 | 24 | SECTION 1.7 | |
| 25 | 25 | Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes,8 | |
| 26 | 26 | is amended by adding a new paragraph to subsection (a) of Code Section 48-7-27, relating9 | |
| 27 | 27 | to computation of taxable net income, to read as follows:10 | |
| 28 | 28 | "(11.3) For taxable years beginning on or after January 1, 2026, and ending on or before | |
| 29 | 29 | 11 | |
| 30 | 30 | December 31, 2030, income received by a commercial pilot, aircraft mechanic, or aircraft12 | |
| 31 | 31 | service technician as a sign-on bonus or retention bonus for service as a commercial pilot,13 | |
| 32 | 32 | aircraft mechanic, or aircraft service technician in this state;"14 | |
| 33 | 33 | H. B. 234 | |
| 34 | 34 | - 1 - 25 LC 50 1012 | |
| 35 | 35 | SECTION 2. | |
| 36 | 36 | 15 | |
| 37 | 37 | This Act shall become effective upon its approval by the Governor or upon its becoming law16 | |
| 38 | 38 | without such approval and shall be applicable to tax years beginning on or after17 | |
| 39 | 39 | January 1, 2026.18 | |
| 40 | 40 | SECTION 3.19 | |
| 41 | 41 | All laws and parts of laws in conflict with this Act are repealed.20 | |
| 42 | 42 | H. B. 234 | |
| 43 | 43 | - 2 - |