GA HB266

Exempts up to $65,000 of military retirement income from Georgia state income tax for individuals under age 65, effective January 1, 2027 (previously capped at $17,500 for those under 62)

Expands the law enforcement foundation tax credit program to allow foundations to support multiple local law enforcement units or provide statewide support, rather than requiring affiliation with a single unit

Extends the law enforcement foundation tax credit sunset date from December 31, 2027 to December 31, 2031, while removing the three-year carry forward provision for unused credits

Adds qualified expenditures for law enforcement foundations to include technology supplies, computer hardware/software, and community engagement facilities and services

Maintains the $75 million annual aggregate cap on law enforcement foundation tax credits, with each foundation limited to $3 million per year in contributions