Income Tax – Subtraction Modification – Military Retirement Income – Individuals at Least 65 Years Old

Bill Number:  SB0996

Bill Sponsor(s):  Senator Peters

Subject:  Budget and Taxation

Bill Summary:

Altering a subtraction modification under the State income tax for certain military retirement income for individuals who are at least 65 years old from $10,000 to $15,000; and applying the Act to all taxable years beginning after December 31, 2017.

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