New Bill Would Create State Tax Credit for Working Veterans - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

New Bill Would Create State Tax Credit for Working Veterans

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New legislation was introduced Wednesday that would qualify veterans launching a second career or business in Nebraska for tax credit.

Sen. Sue Crawford of Bellevue introduced the legislation aimed at aiding veterans who earn income other than their military retirement pay.

The bill would exempt $1 of military retirement income for every $1 of non-retirement income earned in Nebraska. A cap would be set for high-income earners.

The bill comes at a time when the State Chamber of Commerce says it is leading efforts to recruit veterans to the state.

The chamber says it will support legislation aimed at attracting and retaining individuals who have served in the military.

Other chamber plans include attending out-of-state job fairs aimed at veterans, working with Invest Nebraska to organize new venture competitions for veterans, and other promotional efforts throughout the military community.

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