50% Exemption On Military Retirement Benefits Headed To Gov Ricketts

Military retirees who live in Nebraska will get a tax cut starting in 2022 under a bill slated to become state law.

Lawmakers gave final approval to the measure exempting half a retiree’s military benefits on Wednesday and sent it to Gov. Pete Ricketts, who proposed it at the start of this year’s session.

43rd District Senator Tom Brewer of Gordon, himself a highly-decorated military retiree, sponsored the bill and says it help Nebraska attract and retain military service members after they retire.

Several neighboring states, including Iowa and Missouri, don’t tax military retirement benefits have managed to entice retirees from Offutt Air Force Base near Omaha.