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Senate passes partial exemption for military retirement pay after floor debate
Summary
The Oregon Senate passed Senate Bill 225 A to exempt the first $17,500 of military retirement pay from state taxable income, with lawmakers split on fiscal trade-offs and long-term revenue impacts.
The Oregon State Senate passed Senate Bill 225 A on third reading on Tuesday, approving a measure that exempts the first $17,500 of military retirement pay from state taxable income.
The bill’s sponsor, Senator Cedric Manning Jr., pressed the bill as a targeted benefit for career service members. “This bill exempts a small portion — $17,500 — of military armed forces retirement pay,” Manning said, describing the change as intended to encourage veterans to come to and…
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