HB388: HB388 Income tax; exempt income received as personal compensation for active duty service while stationed outside Georgia

25 LC 50 1078 House Bill 388 By: Representatives Clark of the 100th, Bonner of the 73rd, Hitchens of the 161st, Martinez of the 111th, Cannon of the 172nd, and others A BILL TO BE ENTITLED AN ACT To amend Article 2 of Chapter 7 of Title 48 of the Official Cod e of Georgia Annotated,1 relating to the imposition, rate, computation, exemptions, and credits for state income tax,2 so as to exempt from state income tax income received as personal compensation for active3 duty service in the United States armed forces while stationed outside Georgia; to provide4 for related matters; to provide for an effective date and appli cability; to repeal conflicting5 laws; and for other purposes.6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:7 SECTION 1.8 Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the9 imposition, rate, computation, exemptions, and credits for state income tax, is amended in10 subsection (a) of Code Section 48-7-27, relating to the computation of taxable net income,11 by adding a new paragraph to read as follows:12 "(12.6) Income received as personal compensation for active duty service in the United13 States armed forces while stationed outside Georgia;"14 H. B. 388 - 1 - 25 LC 50 1078 SECTION 2.15 This Act shall become effective on July 1, 2025, and shall be applicable to all taxable years16 beginning on or after January 1, 2026.17 SECTION 3.18 All laws and parts of laws in conflict with this Act are repealed.19 H. B. 388 - 2 -