HB1183: HB1183 Income tax; exempt income received as personal compensation for full-time duty in the active military service of the United States

26 LC 44 3325 House Bill 1183 By: Representatives Sainz of the 180th, Bonner of the 73rd, Ballard of the 147th, Rice of the 139th, Burchett of the 176th, 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 person al compensation for3 full-time duty in the active military service of the United Sta tes; to provide for related4 matters; to provide for an effective date and applicability; to repeal conflicting laws; and for5 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 full-time duty in the active13 military service of the United States;"14 H. B. 1183 - 1 - 26 LC 44 3325 SECTION 2.15 This Act shall become effective on July 1, 2026, and shall be applicable to all taxable years16 beginning on or after January 1, 2027.17 SECTION 3.18 All laws and parts of laws in conflict with this Act are repealed.19 H. B. 1183 - 2 -