HB234: HB234 Income tax; commercial pilot, aircraft mechanic, or an aircraft technician; exempt taxable net income as a sign-on bonus or retention bonus

25 LC 50 1012 House Bill 234 By: Representatives Townsend of the 179 th, LaHood of the 175 th, Cheokas of the 151 st, Crowe of the 118th, Hagan of the 156th, and others A BILL TO BE ENTITLED AN ACT To amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to1 income taxes, so as to exempt from taxable net income certain i ncome received by a2 commercial pilot, aircraft mechanic, or aircraft service techni cian as a sign-on bonus or3 retention bonus; to provide for related matters; to provide for an effective date and4 applicability; to repeal conflicting laws; and for other purposes.5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6 SECTION 1.7 Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes,8 is amended by adding a new paragraph to subsection (a) of Code Section 48-7-27, relating9 to computation of taxable net income, to read as follows:10 "(11.3) For taxable years beginning on or after January 1, 2026, and ending on or before11 December 31, 2030, income received by a commercial pilot, aircraft mechanic, or aircraft12 service technician as a sign-on bonus or retention bonus for service as a commercial pilot,13 aircraft mechanic, or aircraft service technician in this state;"14 H. B. 234 - 1 - 25 LC 50 1012 SECTION 2.15 This Act shall become effective upon its approval by the Governor or upon its becoming law16 without such approval and shall be applicable to tax years begi nning on or after17 January 1, 2026.18 SECTION 3.19 All laws and parts of laws in conflict with this Act are repealed.20 H. B. 234 - 2 -