Bill Text: GA HB808 | 2011-2012 | Regular Session | Introduced
Bill Title: Taxation; exclusion to certain income of certain disabled veterans; provide
Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: (Passed) 2012-04-16 - Effective Date [HB808 Detail]
Download: Georgia-2011-HB808-Introduced.html
12 LC 34
3241/AP
House
Bill 808 (AS PASSED HOUSE AND SENATE)
By:
Representatives Yates of the
73rd,
Collins of the
27th,
Black of the
174th,
Holcomb of the
82nd,
Hatchett of the
143rd,
and others
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-7-27 of the Official Code of Georgia Annotated, relating
to computation of Georgia taxable net income, so as to provide for an exclusion
applicable to certain income of certain disabled veterans; to provide an
effective date; to provide for applicability; 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 Georgia taxable net income, is amended in subsection (a) by
adding a new paragraph to read as follows:
"(12.1)(A)
Disability income from the United States Department of Veterans Affairs received
by a disabled veteran who is a citizen and resident of Georgia.
(B)
As used in this paragraph, the term 'disabled veteran' means any wartime veteran
who was discharged under honorable conditions and who has been adjudicated by
the United States Department of Veterans Affairs as being at least 90 percent
totally and permanently disabled and entitled to receive service connected
benefits and any veteran who is receiving or who is entitled to receive a
statutory award from the United States Department of Veterans Affairs
for:
(i)
Loss or permanent loss of use of one or both feet;
(ii)
Loss or permanent loss of use of one or both hands;
(iii)
Loss of sight in one or both eyes; or
(iv)
Permanent impairment of vision of both eyes of the following status: Central
visual acuity of 20/200 or less in the better eye, with corrective glasses, or
central visual acuity of more than 20/200 if there is a field defect in which
the peripheral field has contracted to such an extent that the widest diameter
of visual field subtends on angular distance no greater than 20 degrees in the
better eye."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval and shall be applicable to all taxable years
beginning on or after January 1, 2013.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.