S105 - 2021 Appropriations Act. (SL 2021-180)

Overview: Section 42.1A of S.L. 2021-180 exempts the following military retiree income from taxation:

• Military retirement pay received by a retired member of the Armed Forces of the United States who served at least 20 years or was medically retired.
• Payments from the Survivor Benefit Plan to a beneficiary of a retired member of the Armed Forces of the United States who served at least 20 years or was medically retired.

This section is effective for taxable years beginning on or after January 1, 2021.