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Georgia / State / 2025-2026 Regular Session

House Bill 463 (Act 465), 2026 Raised the general retirement income exclusion at 65 to $70,000 from 2027, leaving the military exclusion at $65,000

Watching a later dateEnactedFigure moved

Signed Takes effect

Expands benefits Raises the retirement income exclusion at 65, which reaches military retired pay, from $65,000 to $70,000.

The Georgia Economic Growth and Tax Relief Act of 2026 amended Code section 48-7-27 so that, for taxable years beginning on or after January 1, 2027, the retirement income exclusion is $35,000 for taxpayers 62 to 64 or disabled and $70,000, up from $65,000, for taxpayers 65 or older. It did not touch the $65,000 military retirement exclusion for taxpayers under 65 enacted by House Bill 266 of 2025, which also begins in 2027. Signed May 11, 2026.

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, Senate agreed to the House amendment to its substitute
  5. Signed by the governor Done,
  6. In effect Scheduled for

Sponsors

  • Shaw BlackmonSponsor, Republican, House, District 146
  • Jon BurnsCo-sponsor, Republican, House, District 159
  • Matt HatchettCo-sponsor, Republican, House, District 155
  • Carl GilliardCo-sponsor, Democratic, House, District 162
  • Ron StephensCo-sponsor, Republican, House, District 164
  • Beth CampCo-sponsor, Republican, House, District 135
  • Blake TilleryCo-sponsor, Republican, Senate, District 19

What it touches

  • O.C.G.A. § 48-7-27

Catalog entry

Official record

Read House Bill 463 (Act 465), 2026 on the jurisdiction's own record