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GA SB31
Bill
Status
3/3/2025
Primary Sponsor
Greg Dolezal
Click for details
AI Summary
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Exempts all military retirement income from Georgia state income tax, removing the previous cap of $17,500 (or up to $35,000 for those with sufficient Georgia earned income)
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Eliminates the age restriction that previously limited the exemption to individuals under 62 years of age
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Removes the requirement that recipients must have Georgia earned income exceeding $17,500 to qualify for the additional exclusion amount
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Applies to retirement benefits from service in the U.S. armed forces or reserve components
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Effective July 1, 2025, applicable to taxable years beginning on or after January 1, 2026
Legislative Description
Income Taxes; all income received as retirement benefits derived from service in the armed forces of the United States or the reserve components; exempt from taxation
Last Action
House Second Readers
3/6/2025