Bill Text: GA HB338 | 2009-2010 | Regular Session | Introduced

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Bill Title: Taxable net income; AmeriCorps payments and awards; provide deduction

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced - Dead) 2009-02-11 - House Second Readers [HB338 Detail]

Download: Georgia-2009-HB338-Introduced.html

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09 LC 25 5433

House Bill 338

By: Representatives Kaiser of the 59th, Hembree of the 67th, Ashe of the 56th, Teilhet of the 40th, Epps of the 128th, and others

A BILL TO BE ENTITLED
AN ACT

To amend Code Section 48-7-27 of the Official Code of Georgia Annotated, relating to computation of taxable net income, so as to provide an income deduction for the combined amount of any AmeriCorps living allowance payments and AmeriCorps education award; to repeal conflicting laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.

Code Section 48-7-27 of the Official Code of Georgia Annotated, relating to computation of taxable net income, is amended in subsection (a) by deleting "and" at the end of paragraph (14), replacing the period with "; and" at the end of paragraph (15), and adding a new paragraph to read as follows:

"(16) The combined amount of any AmeriCorps living allowance payments and AmeriCorps education award."

SECTION 2.

All laws and parts of laws in conflict with this Act are repealed.