25 LC 59 0076
House Bill 409
By: Representatives Gilliard of the 162
nd
, Jackson of the 68
th
, Moore of the 91
st
, and Heffner
of the 130
th
A BILL TO BE ENTITLED
AN ACT
To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to
1
income taxes, so as to exempt from taxation all retirement income received as retirement2
benefits derived from service in the armed forces of the United States or the reserve3
components thereof; to provide for related matters; to provide for an effective date and4
applicability; to repeal conflicting laws; and for other purposes.5
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6
SECTION 1.7
Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes,8
is amended in Code Section 48-7-27, relating to computation of taxable net income, by9
revising paragraph (5.1) of subsection (a) as follows:10
"(5.1)(A) All
Up to $17,500.00 of income received by an individual who is less than11
62 years of age paid to such paid to an individual as retirement benefits from military12
service in the armed forces of the United States or the reserve components thereof and13
an additional amount of up to $17,500.00 of such income, provided that he or she has14
Georgia earned income otherwise included in his or her Georgia taxable net income in15
an amount that exceeds $17,500.00.16
H. B. 409
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(B) In the case of a married couple filing jointly, each spouse who is otherwise17
qualified for an exclusion allowed by this paragraph shall be individually entitled to18
exclude retirement income received by that spouse up to the exclusion amount.19
(C) The exclusions exclusion provided for in this paragraph shall not apply to or affect20
and shall be in addition to those adjustments to net income provided for under any other21
paragraph of this subsection;"22
SECTION 2.23
This Act shall become effective upon its approval by the Governor or upon its becoming law24
without such approval and shall be applicable to taxable years beginning on or after25
January 1, 2026.26
SECTION 3.27
All laws and parts of laws in conflict with this Act are repealed.28
H. B. 409
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