The new year means a new tax break for those who receive military retirement benefits in Arkansas.
The law exempts military retirement benefits from income tax. Representative Carol Dalby voted for the legislation. “It will affect around thirty thousand retirees in the state of Arkansas.”
Dalby hopes it will bring more military retirees to the state. “We know that the Veterans Administration is already receiving calls about it and we believe it will be a boon to our state, and we welcome them with open arms.”
Retired Seargant Herbert Ross served in the National Guard. He’s not sure how much he’ll be affected, but the change is welcome. “Any affect that’s gonna be in my favor is gonna be well accepted,” he said,
Leaders at American Legion Post 58 hope the veteran-friendly law will not only be good for the state, but grow their membership, too. Post Commander Walter Nicholson said, “I’ve been here thirty years and I’ve seen the membership drop from five hundred fifty-nine people down to sixty-one people right now.” Post Vice Commander Patrick McReynolds said, “A lot of these guys that retire, say, after twenty years, are not old. They’re young enough to get back into the workforce.”
Many also view the move as a salute to America’s veterans for their contributions.