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Legislative briefing reviews tax treatment and revenue effects of military retirement pay
Summary
Legislative Revenue Office analysts outlined categories of military retirement pay, existing exemptions for pre‑1991 federal pensions and rough revenue estimates for proposals ranging from partial exclusions to full exemptions.
Legislative staff briefed the Senate Committee on Finance and Revenue Wednesday on the tax treatment of military retirement pay and presented preliminary revenue estimates for several policy options under discussion.
Kyle Easton of the Legislative Revenue Office said military retirement pay falls into three primary categories for tax purposes: non‑disability active‑duty retired pay (typically earned after 20 years of service), reserve retirement (usually payable beginning at age 60) and disability retired pay. Easton emphasized that Veterans Affairs disability…
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