Politics.AISenate BillFailedRevenue and Taxation
SB 1: Personal income taxes: exclusion: Military Services Retirement and Surviving Spouse Benefit Payment Act.
What SB 1 does, verified February 3, 2026
The bill aims to exclude certain retirement benefits from personal income taxes. It would exclude retirement pay and annuity payments from gross income for service performed in the uniformed services, with a maximum exclusion of $20,000 per year. The benefits would be available to qualified taxpayers, defined as those who receive the benefits from the federal government. The bill would take effect immediately as a tax levy, with specific goals, purposes, and objectives outlined.
Bill journey
✓IntroducedComplete
2In CommitteeCurrent
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: Returned to Secretary of Senate pursuant to Joint Rule 56. (2026-02-02)Alert me
Author and sponsors
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| Feb. 02, 2026 | Returned to Secretary of Senate pursuant to Joint Rule 56. |
| May. 23, 2025 | May 23 hearing: Held in committee and under submission. |
| May. 16, 2025 | Set for hearing May 23. |
| May. 12, 2025 | May 12 hearing: Placed on APPR. suspense file. |
| May. 02, 2025 | Set for hearing May 12. |