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2018 SESSION

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SB 473 Income tax, state; subtraction for military veterans with a service-connected disability.

Introduced by: Bryce E. Reeves | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; subtraction for military veterans with a service-connected disability. Establishes for taxable years beginning January 1, 2018, an individual income tax subtraction for the military retirement income of veterans with a 100 percent service-connected disability. The bill provides that the subtraction is available only for taxpayers whose federal adjusted gross income does not exceed 250 percent of the federal poverty level for a four-person household.


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