Revenue and taxation; Georgia Higher Education Savings Plan; provisions

A BILL to be entitled an Act to amend Code Section 48-7-27 of the Official Code of Georgia Annotated, relating to the computation of taxable net income, so as to provide that deductions previously taken by a taxpayer for contributions to the Georgia Higher Education Savings Plan shall not be recaptured if a withdrawal from the savings trust account is made by an account owner upon or after the beneficiary's successful completion of two years of active duty service in any branch of the armed forces of the United States; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.