Bill

Bill > ACR110


NJ ACR110

NJ ACR110
Urges Congress to pass legislation that exempts military retirement pay from federal income taxation.


summary

Introduced
02/13/2020
In Committee
02/13/2020
Crossed Over
Passed
Dead
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

Loading...

bill summary

Loading...

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
Loading...