Bill > SCR91

This joint resolution urges Congress to pass legislation that would exempt military retirement pay from federal income taxes. The resolution highlights that military personnel who serve 20 years or more in active duty in the Army, Navy, Air Force, or Marine Corps currently have their retirement payments taxed, despite significant personal sacrifices. These sacrifices include extended periods away from family, foregoing potentially more lucrative civilian employment, and facing life-threatening dangers during service. The resolution emphasizes that military retirees face unique post-service challenges such as reintegrating into civilian life, finding affordable housing, re-entering the job market, and potentially managing post-traumatic stress. Unlike veterans' pensions, which have different tax treatment, military retirement pay is currently fully taxable at the federal level. The resolution argues that given the considerable service and sacrifices made by military personnel, they should be relieved of the federal income tax burden on their retirement pay. If passed, the resolution would direct the New Jersey Clerk of the General Assembly to send copies of this resolution to every member of the state's Congressional delegation, urging them to support federal legislation creating this tax exemption.

Military Affairs and Security

https://www.njleg.state.nj.us/bill-search/2024/SCR91