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Georgia / State / 2025 Regular Session

HB 266 Military retirement income exclusion for taxpayers under 65

Watching a later dateEnactedFigure movedScope changed

Signed Takes effect

Expands benefits Lets a retiree under 65 exclude up to $65,000 of military retirement income from Georgia tax.

Lets an individual under 65 exclude up to $65,000 of armed forces retirement income, claimable separately by each spouse on a joint return and not stackable with the general retirement exclusion. Sources disagree on when: the Department of Revenue legislative summary puts section 1 at January 1, 2027 and taxable years beginning on or after it, while news coverage of the signing reported the 2026 tax year. The catalog follows the department. The Department of Veterans Service page still describes the old under-62 amounts.

Progress

Path to law: Bill in a two-chamber legislature

  1. Introduced Done, House
  2. In committee Done, House Ways and Means, then Senate Finance
  3. Passed one chamber Done, House, by substitute
  4. Passed both chambers Done, House agreed to the Senate substitute as amended
  5. Signed by the governor Done,
  6. In effect Scheduled for

Sponsors

  • Steven SainzSponsor, Republican, House, District 180
  • Bethany BallardCo-sponsor, Republican, House, District 147
  • Josh BonnerCo-sponsor, Republican, House, District 73
  • David ClarkCo-sponsor, Republican, House, District 100
  • Jesse PetreaCo-sponsor, Republican, House, District 166
  • Karen MathiakCo-sponsor, Republican, House, District 82
  • Greg DolezalCo-sponsor, Republican, Senate, District 27

What it touches

  • O.C.G.A. § 48-7-27

Catalog entry

Official record

Read HB 266 on the jurisdiction's own record