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Committee advances bill to exempt military retirement income up to $35,000 (2028) and $65,000 (2030); moves to full committee by voice vote
2576949 · March 12, 2025
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Summary
Committee advanced LC501219S, a measure to exempt part of military retirement pay from Georgia taxable income — $35,000 beginning in 2028 and $65,000 beginning in 2030 — and sent the bill to the full committee by voice vote.
Representative (presenting sponsor) described LC501219S as a measure to increase Georgia's ability to retain and attract military retirees by exempting a portion of military retirement income from state taxable income.
The presenter said the substitute would exempt up to $35,000 of military retirement income beginning in 2028 and…
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