Plain English Breakdown
The official source material specifies that the bill applies to 'retired members of the commissioned corps' rather than all retired members.
Expanding Tax Deduction for Certain Uniformed Services Retirees
This act expands a personal income tax deduction to include retired members of the commissioned corps of the National Oceanic and Atmospheric Administration and the Public Health Service.
What This Bill Does
- Adds retired members of the commissioned corps of the National Oceanic and Atmospheric Administration to an existing personal income tax deduction for retirement pay from the U.S. government.
- Includes retired members of the commissioned corps of the Public Health Service in the same personal income tax deduction.
- Amends section 12-701 of state law to include these new groups.
Who It Names or Affects
- Retired members of the commissioned corps of the National Oceanic and Atmospheric Administration
- Retired members of the commissioned corps of the Public Health Service
Terms To Know
- Personal Income Tax Deduction
- A reduction in the amount of income that is taxed, allowing people to pay less tax.
- Commissioned Corps
- The uniformed service branch within certain federal agencies like NOAA and Public Health Service.
Limits and Unknowns
- Does not specify the exact amount of the deduction.
- Only applies to retirement pay from the U.S. government, not other types of income.