Bill > ACR221

This Concurrent Resolution urges Congress to pass a law that would exempt military retirement pay from federal income taxes. Military retirement pay is generally received by individuals who have served 20 or more years in the Armed Forces or Reserves, and it is distinct from a veteran's pension, which is a different type of benefit. The resolution highlights the significant sacrifices made by military members, including extended separations from family, foregoing more lucrative civilian jobs, and facing dangerous situations, and argues that they should not have to pay federal income tax on the retirement pay they receive in recognition of their service. The resolution also states that copies will be sent to New Jersey's representatives in Congress.