HB407: Income tax; retirement income received as benefits from service in the armed forces of the United States and the reserve components; exempt

Legislative Summary

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 retirement income received as retirement benefits derived from service in the armed forces of the United States and the reserve components thereof from taxation; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.