ATLANTA – State Representative Mike Glanton (D-Jonesboro) commends the House passage of House Bill 1064, legislation which would create a tax exemption for military retirement income. Rep. Glanton previously co-sponsored similar legislation, House Bill 7, during the 2019 legislative session to create this tax exemption for military retirees.
“I am honored to have been part of a bipartisan effort to bring forth this tax credit for several years now, and I want to thank my colleagues for their hard work to help get this legislation to the House floor this year,” said Rep. Glanton. “This bill would be a tremendous help to these military retirees who have sacrificed so much to serve our country, as well as attract more of this skilled workforce to Georgia. This legislation will specifically benefit the residents of House District 75, where many military families reside.”
House Bill 1064 would exempt up to $17,500 in military retirement income from state income taxes for retired service members under 62 years old. If a military retiree continues to work and earns up to $17,500, the retiree would be eligible for an additional exemption up to $17,500 in state income taxes for a total exemption of $35,000. This legislation would become effective July 1, 2022 and is applicable to all taxable years beginning on or after January 1, 2022.
HB 1064 has been sent to the Georgia State Senate for its consideration.
Earlier this year, Governor Brian Kemp announced his plans to create this exemption.
For more information on HB 1064, please click here.
For more information on HB 7 from the 2019 session, please click here.
Representative Mike Glanton represents the citizens of District 75, which includes portions of Clayton County. He was first elected to the House of Representatives in 2006 and currently serves as Vice Chairman on the Appropriations Subcommittee on Education. He also serves on the Defense & Veterans Affairs, Education, MARTOC and Public Safety & Homeland Security committees.
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