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Committee hears SB 93 to expand military retirement income subtraction
Summary
Senate Bill 93 would broaden eligibility for Montana's military retirement income exemption by moving the residency date to Sept. 11, 2001, removing a five-year cap and eliminating the expiration; veterans' groups supported the change and DOR staff explained administration of the fiscal note.
Sen. John Fuller introduced Senate Bill 93 as a targeted change to Montana's military retirement income exemption, saying it amends MCA sections to change the residency qualification date to Sept. 11, 2001, removes a five-year residency limitation and eliminates the sunset. "This is a simple amendment to the military retirement income exemption," Fuller said, and he urged members to consider its workforce and recruitment effects.
Proponents…
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