SB 629
Modifies provisions relating to a tax deduction for certain military retirement benefits
Sponsor:
LR Number:
2670S.01I
Last Action:
3/30/2021 - Hearing Scheduled But Not Heard S Economic Development Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SB 629 - Current law authorizes an income tax deduction for retirement benefits received by a taxpayer for the taxpayer's service in the Armed Forces of the United States, including reserve components and the National Guard. This act makes a technical correction to ensure that one hundred percent of such benefits may be deducted without any reductions.

This act is identical to a provision contained in SS/SCS/SB 120 (2021).

JOSH NORBERG

Amendments

No Amendments Found.