State Reps file bill to exempt vets from taxes on retirement benefits

McDugle, Townley, Manger File Bill to Exempt Veterans from Taxes on Retirement Benefits OKLAHOMA CITY – Reps. Kevin McDugle, R-Broken Arrow, Tammy Townley, R-Ardmore, and Robert Manger, R-Oklahoma City, have filed legislation to grant Oklahoma veterans a full tax exemption on retirement benefits they receive as a result of their service. House Bill 3693 would maintain the current exemption through Dec. 31, 2022. Under the legislation, veterans would receive a 100% tax exemption on their retirement benefits, beginning Jan. 1, 2023. Currently, veterans of the U.S. Armed Forces receive tax exemptions for up to 75% or $10,000 of the retirement benefits they receive from any component of the U.S. Armed Forces. "As someone who proudly served in our nation's armed forces, I understand just how much this bill could help my brothers and sisters-in-arms," McDugle said. "We need to take every opportunity we can to give back to those who have given so much for our country." Read more » by Jamison Faught - January 21, 2022 at 07:51AM

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