The Oklahoma Senate approved a bill that would honor America’s military by not taxing their retirement pay.
Senate Bill (SB) 401 would have Oklahoma joining 33 other states who don’t tax veterans retirement pay. SB 401 is authored by Air Force Veteran, Sen. Adam Pugh, R-Edmond, and Sen. Brenda Stanley, R- Midwest City, vice chair of the Senate Veterans and Military Affairs Committee.
“This is just one more way to support our veterans who have sacrificed so much for our nation. I’ve been working on this legislation for five years, and I’m very excited that the governor, along with my Senate and House colleagues, have pledged their support to get it across the finish line this session,” Pugh said. “I want Oklahoma to be the top destination for America’s heroes. These are highly trained professionals, typically in their forties looking to start a second career, with numerous skills that are desperately needed in our workforce. They can help fill the gap in critical industries like aviation and engineering, which will be an incredible boon for our economy.”