Governor Proposes Tax Cuts For Vets, First Responders

The proposal would amount to a $22.6 million tax cut in the first year

Ed Jenson
January 05, 2018 - 2:08 pm
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Gov. Henry McMaster said Friday he wants to exempt the military, law enforcement, firefighter and peace officer retirement from state income tax.

The tax cuts would amount to about a $524 in savings for military retirees under 65 and $210 a year for those 65 and older.

Savings for law enforcement, firefighters and peace officers would be about $713 a year if under 65 and $102 a year if 65 or older.

McMaster says he has included the cuts in his 2018-19 budget. The proposal would amount to a $22.6 million tax cut in the first year and would have to be approved by the General Assembly. 

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