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Committee hears bill to broaden military retirement income subtraction for post-9/11 retirees
Summary
Senate Bill 93 would expand an existing Montana subtraction for military retirement by changing residency-date requirements and removing a five-year limit and expiration; proponents said the change would attract retirees and workforce skills, while no opponents testified at the hearing.
Senate Bill 93 would amend Montana law to change the residency eligibility date for a military retirement income subtraction, remove a five-year limit and eliminate the scheduled expiration, the bill sponsor told the House Taxation Committee.
Proponents said the change would make Montana more attractive to military retirees and their families. "We think broadening the scope of this benefit by allowing more post-9/11 vets and removing the five-year limitation…
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