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2022 SESSION

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SB 586 Income tax, state; military benefits subtraction.

Introduced by: Amanda F. Chase | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; military benefits subtraction; emergency. Establishes an income tax subtraction for up to $20,000 of military benefits in taxable year 2021, up to $30,000 in taxable year 2022, and up to $40,000 in taxable year 2023 and each year thereafter. The bill defines military benefits to include military retirement income and benefits paid to the surviving spouse of a veteran. The bill contains an emergency clause.

FULL TEXT

• 01/12/22  Senate: Prefiled and ordered printed with emergency clause; offered 01/12/22 22101453D  pdf | impact statement

HISTORY

• 01/12/22  Senate: Prefiled and ordered printed with emergency clause; offered 01/12/22 22101453D
• 01/12/22  Senate: Referred to Committee on Finance and Appropriations
• 02/10/22  Senate: Incorporated by Finance and Appropriations (SB528-Reeves) (16-Y 0-N)