HB 192
AN ACT relating to income taxation of military pensions.
In Plain Language
Starting in 2026, retired military members and National Guard members won't have to pay state income tax on their military pensions, and neither will their surviving spouses or former spouses receiving survivor benefits. This tax break lasts through 2029, and the Department of Revenue will track how many people use it.
Official summary
Amend KRS 141.019 to exclude all distributions from military pension plans received by retired members of the United States military and National Guard and their surviving spouse or former spouse under a survivor benefit plan from income taxation for taxable years beginning on or after January 1, 2026, but before January 1, 2030; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Sponsor
—
Cosponsors
None listed
Latest action
to Appropriations & Revenue (H)
Feb 4, 2025
Official source
Action history
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