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Senate Advances Measure to Exempt Military Retirement Income from State Income Tax
Summary
The Senate debated and approved language tied to House Bill 266 to exempt certain military retirement and service-related compensation from Georgia income tax; supporters framed it as a targeted tax cut for veterans while opponents flagged a multi‑million dollar fiscal impact.
The Georgia Senate advanced and approved amended language tied to House Bill 266 that exempts certain military retirement income and related compensation from state income tax.
Senators said the change is intended to help about 95,000 retired service members who live in Georgia and to make the state more attractive as a retirement destination for veterans. Supporters described the measure as a modest, targeted tax cut for veterans and noted it mirrors Senate Bill 31’s language that had previously passed the…
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