New Jersey ACR132 urges Congress to exempt military retirement pay from federal income taxation.
New Jersey ACR132 urges Congress to pass legislation exempting military retirement pay from federal income taxation. The resolution highlights the unique challenges faced by military retirees, including reassimilation into civilian life and post-traumatic stress. It argues that military retirement pay, which is taxable at the federal level, should be excluded from federal income taxation in recognition of the sacrifices made by service members. The resolution will be sent to every member of New Jersey's Congressional delegation.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.