Wed, 22 Jan 2014 16:46:47 GMT — A Senate panel is giving preliminary backing to a bill that would exempt military pensions from the state income tax. A Senate subcommittee approved the legislation during a brief hearing Wednesday. It is expected to soon receive committee-level approval and move to the full Senate for a vote. Sen. Herman Quirmbach, a Democrat from Ames, says he is pleased to support legislation that helps veterans and may bring more military retirees to the state. The military pension exemption is a top priority for Republican Gov. Terry Branstad, who has made support for veterans a key part of his budget plan this year. According to the Branstad administration, the pension exemption would cost the state a projected $10 million in lost annual revenue.
This stations Social Feeds are currently unavailable
This stations Twitter Social Feed is currently unavailable
This stations Facebook Social Feed is currently unavailable
KTVO.com provides news, sports and weather coverage and serves the area around Kirksville, Missouri and Ottumwa, Iowa, including Greentop, Lancaster, Downing, Memphis, Rutledge, Baring, Edina, Novelty, La Plata, Atlanta, Macon, Elmer, New Boston, Browning, Milan, Green City, Novinger, Pollock and Unionville, Missouri and Bloomfield, Floris, Eldon, Moulton, Blakesburg, Moravia, Eddyville, Oskaloosa, Ollie, Sigourney, Burlington and What Cheer, Iowa