Georgia Council of MOAA
Georgia Council of MOAA Georgia Council of MOAA
Georgia Council of MOAA

Georgia Council of MOAA
Georgia Council of MOAA
 
Site Navigation: Expand

>  Home Page
>  About Us

>  Legislation

>  Conference

>  Contacts

>  Join


Legislation  
Take Action

House Bill 1064 (AS PASSED HOUSE AND SENATE) and signed into law by Governor Brian Kemp on April 18, 2022
https://www.legis.ga.gov/legislation/61451   Click CURRENT VERSION

By: Representatives Petrea of the 166th, Smith of the 134th, Bonner of the 72nd, Newton of the 123rd,  

Blackmon of the 146th, and others  

A BILL TO BE ENTITLED  

AN ACT  

1

2

3

4

5

To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to  

the imposition, rate, computation, exemptions, and credits from state income tax, so as to exclude  

from Georgia taxable net income certain retirement income received from certain military service;  

to provide for limitations; to provide for related matters; to provide for an effective date and  

applicability; to repeal conflicting laws; and for other purposes.  

6

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:  

7

8

9

SECTION 1.  

Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the  

imposition, rate, computation, exemptions, and credits from state income tax, is amended in  

10 subsection (a) of Code Section 48-7-27, relating to the computation of taxable net income, by adding  

11 a new paragraph to read as follows:  

12  

13  

14  

15  

16  

17  

18  

19  

"(5.1)(A) Up to $17,500.00 of income received by an individual who is less than 62 years of  

age paid to such 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.  

(B) In the case of a married couple filing jointly, each spouse who is otherwise qualified for  

an exclusion allowed by this paragraph shall be individually entitled to exclude retirement  

income received by that spouse up to the exclusion amount.  

H. B. 1064  

- 1 -  

22  

LC 43 2172-EC/AP  

20  

21  

22  

(C) The exclusions provided for in this paragraph shall not apply to or affect and shall be in  

addition to those adjustments to net income provided for under any other paragraph of this  

subsection;"  

23  

SECTION 2.  

24 This Act shall become effective on July 1, 2022, and shall be applicable to all taxable years  

25 beginning on or after January 1, 2022.  

26  

SECTION 3.  

27 All laws and parts of laws in conflict with this Act are repealed.  

H. B. 1064

 

===============================================

National MOAA Take Action Page

http://takeaction.moaa.org/ 

 

Georgia Council of MOAA
Georgia Council of MOAA
Georgia Council of MOAA

Georgia Council of MOAA

· Copyright ©2022 Georgia Council of MOAA Atlanta GA 94945 ·
· Contact Georgia Council of MOAA · Editorial and Privacy Policies · Webmaster · Browser and Email Settings ·
SUPPORT OUR SPONSORS