Representative Johnson’s co-sponsors filed prior legislation to establish a tax exemption for Kentucky veterans

DJ Johnson | Photo by KY LRC

Legislation that would establish a tax exemption for Kentucky veterans after they retire from the military has been pre-tabled for the 2022 General Assembly. The measure has been pre-tabled by Rep. Ken Fleming (R-Louisville) and is co-sponsored by Representative DJ Johnson of (R-Owensboro).

“Veterans have a lot of options as to where to retire,” said Rep. Johnson. “We want Kentucky to be the best option for them.”

BR 971 would create a first-year income deduction for retired veterans who stay or immediately move to Kentucky upon retirement. The bill would require permanent residence in the state for at least three consecutive years to remain eligible. In addition to supporting Kentucky veterans, the sponsors note that the measure has the potential for significant economic and workforce development statewide.

“These men and women have dedicated their lives to the service of their country,” said Fleming. “Now it is our responsibility to make sure that they receive the benefits that they have rightfully earned. “

Of the 41 states that tax personal income, there are currently 23 that do not tax military retirement allowances. Kentucky is one of the other states that include partial exemptions, exempting only veterans who retired before 1997 and whose retirement allowance does not exceed $ 31,110. This measure would grant an exemption to all veterans who retire or move to Kentucky, regardless of income.

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