06 LC 18
5381
House
Bill 1511
By:
Representative Scheid of the
22nd
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating
to income taxes, so as to provide for an exclusion from state income taxation
with respect to certain unemployment compensation, to provide for conditions and
limitations; 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.
Chapter
7 of Title 48 of the Official Code of Georgia Annotated, relating to income
taxes, is amended in subsection (a) of Code Section 48-7-27, relating to
computation of taxable net income of individuals, by striking "and" at the end
of paragraph (14), by striking the period at the end of paragraph (15) and
inserting in its place "; and", and by adding a new paragraph immediately
following paragraph (15) to be designated paragraph (16) to read as
follows:
"(16)
An amount equal to the actual amount received as unemployment
compensation."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.