Authorizes an income tax subtraction for all military income
Authorizes an income tax subtraction for all military income. This bill provides that for all tax years beginning on or after January 1, 2027, one hundred percent of all military income received by a taxpayer, regardless of duty status or filing status. For the purposes of this subdivision, the following terms mean: "Military income" means all taxable pay, benefits, and allowances received by a member or former member of the uniformed services as salary, retirement benefits, or compensation in any form for military service in the uniformed services including, but not limited to, basic pay.
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