Income tax, state; subtraction for veteran retirement compensation.
Summary
Income tax subtraction; veteran retirement compensation. Provides an individual income tax subtraction for certain amountsof the annual retirement compensation received by a veteran who isat least 65 years old for service as a member of the United StatesArmed Forces. The subtraction is equal to up to $10,000 in annualretirement compensation for taxable year 2022, up to $20,000 in taxableyear 2023, up to $30,000 in taxable year 2024, and up to $40,000for taxable year 2025 and thereafter.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 12, 2022
Last action Feb 15, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
3
Feb 4, 2022
Lower · Passed
Subcommittee recommends laying on the table (7-Y 1-N)
lower
Jan 27, 2022
Committee
Assigned Finance sub: Subcommittee #3
lower
Jan 12, 2022
Committee
Referred to Committee on Finance
lower
Jan 12, 2022
Introduced
Prefiled and ordered printed; offered 01/12/22 22103865D
lower
1 primary · 8 co-sponsors
Sponsors
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