Georgia 2025-2026 Regular Session

Georgia House Bill HR595

Introduced
3/13/25  
Enrolled
3/13/25  

Caption

All veterans and their families in this state; commend

Impact

The resolution proposes to increase the income tax exemptions for veterans receiving retirement benefits, specifically advocating for an increase to $35,000 for veterans under the age of 62. This change would not only honor their service but also assist veterans facing unique financial considerations related to their military service. By doing this, the resolution aims to provide greater financial relief for veterans and acknowledge the long-standing challenges they encounter in transitioning to civilian life.

Summary

House Resolution 595 commends all veterans and their families in Georgia for their service and sacrifice to the country. The resolution highlights the significant contributions made by the state's veterans, emphasizing that they have defended the freedoms and security enjoyed by all U.S. citizens. It recognizes the sacrifices of those who served in various branches of the Armed Forces and acknowledges the particular challenges they face, especially in regards to retirement compared to non-veterans.

Contention

While the resolution is primarily commendatory, it does bring to light issues of financial equity among veterans. Opponents may raise concerns regarding how such tax exemptions could impact state revenue and the distribution of support for other program needs within the state. However, the overwhelming sentiment appears to be in favor of recognizing and providing for the unique contributions of veterans, which could lead to further discussions on the adequacy of support systems in place for military personnel and their families.

Companion Bills

No companion bills found.

Similar Bills

No similar bills found.