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Committee tables bill to exempt military retirement from state income tax after fiscal concerns
Summary
House Bill 652, which would have removed state income tax on military retirement and survivor benefits, was tabled by the taxation committee 20-1 after opponents warned the measure could cost the state roughly $15 million a year and exacerbate tax regressivity.
House Bill 652, a proposal to eliminate state income taxation on military pensions, retirement and survivor benefits, was tabled during the House Taxation Committee's executive session by a vote of 20-1.
Sponsor Representative Nellie Nicholl framed the bill as a way to attract and retain veterans, saying military retirees often start businesses…
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