Taxation of Military Retirement Income
income for seven consecutive taxable years; or (b) exclude 15% of military retirement income for all taxable years beginning with the year the retiree turns 64. www.revenue.nebraska.gov. LB153 proposes a phased in exemption to 50% by 2020. Bill placed on General File. North Carolina: Except for the “Bailey Exemption” set forth hereafter, there is no specific military exemption. Standard ... ................
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