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Veterans, retirees urge Vermont to exempt military retirement pay as lawmakers weigh S.51 amendment
Summary
Veterans, retired officers and advocates told a joint House-Senate Government Operations hearing they support a full or broad exemption of military retirement pay from Vermont income taxes and oppose piecemeal amendments to S.51 that would add income caps or restrictions.
Dozens of veterans told a joint hearing of the House Government Operations & Military Affairs and the Senate Government Operations Committee that Vermont should stop taxing military retirement pay and pass a broad exemption this session.
Supporters said exempting military pensions would help retain and attract skilled retirees to Vermont, boost local economies and address workforce shortfalls. ‘‘The income tax exemption for military pensions is long overdue,’’ said Bruce Roy, a retired Air Force colonel, during the hearing.
The push for a tax change centers on legislation discussed this session, including references at the hearing to "S.51" and to a proposed amendment that would add income caps and phased gradations. Several speakers urged lawmakers to pass…
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