The Arizona Senate on Monday voted 18-11 to approve a tax break for certain military veterans, days after the same measure failed on a 15-13 vote — one shy of the 16 needed in the Senate for approval.
It took two tries, but Gov. Doug Ducey’s proposal to cut taxes in 2018 was approved.
SB 1167 would increase a tax exemption for military retirement pay to $6,250 in 2018 and $10,000 by 2019, up from the current $2,500 exemption. It would be applied to approximately 52,000 veterans out of roughly 600,000 veterans in Arizona.
The bill now goes to the House.
Information from Arizona Capitol Times
