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Committee advances bill to exempt part of military retirement pay from Georgia income tax
Summary
A bill to exempt a portion of military retirement pay from state income tax moved to the full committee after a voice vote. Sponsor and supporters said the change would help retain veterans and attract skilled retirees to Georgia; members discussed fiscal-note limitations on long-run revenue effects.
Representative Ballard presented a bill (LC501219S) that would exempt part of military retirement pay from Georgia income tax. The proposal phases in an exemption of up to $35,000 beginning in 2028 and up to $65,000 beginning in 2030 for military retirees under age 65.
“...we have an opportunity to enhance our state's economic development, workforce retention, and veteran support,” Representative Ballard said, framing…
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