Georgia legislation · 2025-2026 Regular Session
Georgia HB409: Income tax; exempt all retirement income received as retirement benefits in the armed forces of the United States or the reserve components
Status: In committee, February 18, 2025
A BILL to be entitled an Act to amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to exempt from taxation all retirement income received as retirement benefits derived from service in the armed forces of the United States or the reserve components thereof; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to exempt from taxation all retirement income received as retirement benefits derived from service in the armed forces of the United States or the reserve components thereof; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
From the introduced text:
A BILL TO BE ENTITLED To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to exempt from taxation all retirement income received as retirement benefits derived from service in the armed forces of the United States or the reserve components thereof; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, is amended in Code Section 48-7-27, relating to computation of taxable net income, by revising paragraph (5.1) of subsection (a) as follows: "(5.1)(A) All Up to $17,500.00 of income received by an individual who is less than 62 years of age paid to such paid to an individual as retirement benefits from military service in the armed forces of the United States or the reserve components thereof and an additional amount of up to $17,500.00 of such income, provided that he or she has Georgia earned income otherwise included in his or her Georgia taxable net income in an amount that exceeds $17,500.00. H. B. LC 59 0076 (B) In the case of a married couple filing jointly, each spouse …
Sponsors
- Carl Gilliard (D, 162) · primary sponsor
- Derrick Jackson (D, HD-068)
- Angela Moore (D, HD-091)
- Lynn Heffner (D, 130)
Latest actions
- : House Second Readers
- : House First Readers
- : House Hopper
Common questions
- What is HB409?
- HB409 is a bill in the Georgia Legislature (2025-2026 Regular Session): Income tax; exempt all retirement income received as retirement benefits in the armed forces of the United States or the reserve components.
- What does HB409 do?
- In its own words: To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to exempt from taxation all retirement income received as retirement benefits derived from service in the armed forces of the United States or the reserve components thereof; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
- What is the status of HB409?
- In committee as of February 18, 2025. Latest action: House Second Readers (February 18, 2025).
- Who sponsored HB409?
- Carl Gilliard (D, 162), with 3 co-sponsors.
- Where is the official record for HB409?
- On the Georgia Legislature website: https://www.legis.ga.gov/legislation/70250
Source: official Georgia record. Tracked by Delilah, AI for legislation across all 50 states and Congress.