You are correct. I'd like to commend you on the excellent research you did on this, because the wording on the Georgia statute can sound a bit confusing. Here is the important part quoted word-for-word:
"20. An amount equal to 100 percent of the premium paid by the taxpayer during the taxable year for high deductible health plans as defined by Section 223 of the Internal Revenue Code. The amount may only be deducted to the extent the deduction has not been included in federal adjusted income and the expenses have not been provided from a health reimbursement arrangement and have not been included in itemized deductions." (Italics added)
The deduction is included in your Federal Adjusted Income if you paid for it with pre-tax dollars, because it has already reduced your taxable income. In short, Georgia will not let you take two deductions for the monthly premiums you are paying for your health insurance.
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