SB93

Montana SB93 revises state income tax rules for retired military members, expanding exemptions and eliminating certain limits.

Montana SB93 revises state income tax rules to provide more favorable treatment for retired military members. The bill expands the exemption for military pensions and retirement income, allowing retirees who became Montana residents after September 11, 2001, or those who remained residents after receiving such income, to claim the exemption. It eliminates the five-year limit for claiming the exemption and removes the statutory sunset of the exemption.