"...Two bills introduced by Fremont Senator Charlie Janssen would bring good news to seniors across the state. LB 74 would make Social Security benefits tax exempt. The other, LB 75 would do the same for military pensions...
Nebraska is one of five states that do not offer a tax exemption on military pensions. Janssen says military retirees are moving to other states because the tax environment is a better fit for them...
LB 75 would give seniors more incentive to retire in Nebraska..."
"...Texas has no individual income tax. Colorado has a tax exemption for a portion of military retirement pay.
"While it doesn't seem like that big a deal, it adds up," Barrera said.
Tax reform is one the top issues on the minds of some lawmakers and Gov. Dave Heineman as the 2013 legislative session draws near. Heineman will release his plan in January, but has talked about the possibility of eliminating state income tax completely.
Omaha Sen. Bob Krist -- a retired military man himself -- said both retired military and retired folks in general who get Social Security income are people who generate revenue in the state. He will introduce a bill in January to exempt military retirement pay, military civilian retirement pay and Social Security benefits from state income tax..."