Feb 21, 2015

Proposal to Eliminate State Income Tax on Military Retirement Pay

"...a new bill was proposed by Connecticut State Senate Democrats that would provide a big tax break for veterans.

The proposal is to eliminate all state income taxes for military retirement pay that is federally taxable. Currently, that income has a 50 percent exemption.

“We need to be moving toward exempting more retirement and pension benefits in order to keep more people in this state, and one of the first places to start is with people who have served our country,” said state Sen. Mae Flexer (D-Killingly)..."

Read more at FOX CT