The Act amends Code Section 48-7-27 by revoking the state income taxation exclusion for income received from certain public pension or retirement funds. The Act also provides for specified amounts of retirement income from state income taxation. The Act amends Code Section 48-7-27 to comply with the United States Supreme Court decision in Davis v. Michigan Dep't of Treasury, 109 S.Ct. 1500 (1989).
REVENUE AND TAXATION Income Taxes: Amend Code Provisions Exempting State Pension Plans,
Ga. St. U. L. Rev.
Available at: https://readingroom.law.gsu.edu/gsulr/vol7/iss1/3