Kettle bill would exempt military pensions from income tax
STATE HOUSE – Senator Nicholas D. Kettle, (R-Dist. 21, Coventry, Foster, Scituate, West Greenwich), has introduced legislation that would exempt military pensions from Rhode Island state income tax.
“Those who served our country in the military and defended our liberties have more than earned this kind of tax break,” Kettle said. “This is something we can do to honor our veterans and keep them from moving to states that do not tax military pensions.” Neighboring Massachusetts, he noted, does not tax military retirement income.
Senator Marc Cote, (D-Dist. 24, North Smithfield, Woonsocket), who co-sponsored the legislation, echoed Kettle’s comments.
“This legislation is one way we can make Rhode Island competitive and make it more attractive to military retirees,” Cote said.
Senate Minority Leader Dennis L. Algiere, (R-Dist. 38, Westerly, Charlestown, South Kingstown), who also co-sponsored the bill, said the bill is long overdue and will benefit deserving military retirees.
2016-S 2047 now heads to the Senate Committee on Finance for consideration.
For more information, contact:
Katie Haughey Cardoza, Senate Minority Office
State House Room 20
Providence, RI 02903