Military Retirement Pay/Exempt/State Income Tax/$25,000

What it does

The legislature's own summary of the bill, or its official long title.

Of the 41 states with a state income tax, 27 states fully exempt military retirement pay from state income taxes and 12 states partially exempt military retirement pay. In 2022, Delaware increased the pension exclusion for military pensioners under 60 to $12,500. This Act phases in, over 3 years, an increased exemption for military pensions from state income taxation, regardless of age, so that in taxable years beginning on or after January 1, 2026, the exemption will be $25,000 for all military pensioners.

Every action

2 steps, oldest first, as the legislature records them.

1. Jan 4, 2024CommitteeIntroduced and Assigned to Executive Committee in Senate · Senate Executive
2. Feb 29, 2024SenateAmendment SA 1 to SB 201 - Introduced and Placed With Bill

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 8 cosponsors: 8 Republicans.

• EB Eric BucksonR Primary sponsor · District 16
• SM Spiros MantzavinosD Joint sponsor · District 7
• SD Sherry Dorsey WalkerD Joint sponsor · District 3
• JH Jeff HilovskyR Joint sponsor · District 4
• WB William BushD Joint sponsor · District 29