An act relating to the military retirement income tax exclusion

Summary

The proposal rewrites the state rule that lets veterans exclude military retirement and survivor benefits from taxable income. It sets three income brackets: full exclusion for federal AGI up to $125,000, a sliding‑scale reduction between $125,001 and $174,999, and no exclusion at $175,000 or more. The change would apply to all filing statuses and take effect retroactively to Jan. 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share