Bill
Bill > ACR110
NJ ACR110
NJ ACR110Urges Congress to pass legislation that exempts military retirement pay from federal income taxation.
summary
Introduced
02/13/2020
02/13/2020
In Committee
02/13/2020
02/13/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
Urges Congress to pass legislation that exempts military retirement pay from federal income taxation.
AI Summary
This Concurrent Resolution urges Congress to pass a law that would exempt military retirement pay from federal income taxes. The resolution highlights the significant sacrifices made by members of the Armed Forces and Reserves, including long separations from family, foregoing higher earnings, and facing dangerous situations, in exchange for their service. It explains that typically, 20 or more years of active duty service qualifies individuals for military retirement pay, and this pay is distinct from a veteran's pension, which is already non-taxable under certain conditions. The resolution acknowledges that while some states offer tax relief on this pay, the federal government currently taxes it, and therefore, it calls for Congress to relieve military retirees of this federal tax burden in recognition of their dedication and service.
Committee Categories
Military Affairs and Security
Sponsors (2)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 02/13/2020)
bill text
bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/ACR/110_I1.HTM | 02/15/2020 |
| Bill | https://www.njleg.state.nj.us/2020/Bills/ACR/110_I1.PDF | 02/15/2020 |
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