ALBUMOAA
"ALBUMOAA" - ALBUQUERQUE CHAPTER
The Military Officers Association of America
Albuquerque, New Mexico
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MOAA

Summary of Personal Invome Tax (PIT) Proposal

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Proposed Exemption of Personal Income Tax (PIT) for Certain Veterans, Military Retirees, and Widows of Retirees—Economic Boon for New Mexico

Several years ago, Congress enacted the “Post 9-11 Veterans Educational Assistance Act,” which provides financial assistance to those the tens of thousands who leave the military services and seek college educations on their road to future success. This generous program offers qualifying veterans up to 36 months of almost fully paid college tuition, housing allowances, book, and fees—a total of $52,000 per veteran. New Mexico needs to provide incentives to encourage many former service men and women to come to our state for their education, bringing with them the Federal funded stipends that will be spent in New Mexico, producing badly needed economic development and increased tax revenues. An income tax exemption should be granted to recently separated military men and women who are enrolled in our colleges and universities.

Similarly, New Mexico could attract many more of the total 60,000 military people who retire each year by granting income tax exemptions to entice them to come to New Mexico to begin a second career. They are mature, patriotic, and law-abiding citizens who bring talent and a tradition of hard work to our state. Retirees in particular bring Federal funded retired pay to enhance economic development and add to tax revenues. Many start new businesses. Additionally, they impose no burdens on any state benefits programs, since they have health services as a part of their retirement benefits. Retirees’ widows or widowers should likewise be encouraged to stay in New Mexico by extending such exemptions to their Survival Benefit Program and other Federal earnings.

Contact your State legislators to urge them to support personal income tax exemptions for veterans enrolled in colleges, military retirees, and widows of retired military personnel. Use this link to find your legislator:http://www.nmlegis.gov/lcs/legislator_search.aspx

Upcoming Events
Jul
19
Fri
4:45 pm Santa Fe Opera – LA BOHÈME @ Meet at Tanoan Country Club
Santa Fe Opera – LA BOHÈME @ Meet at Tanoan Country Club
Jul 19 @ 4:45 pm – 5:00 pm
Santa Fe Opera - LA BOHÈME @ Meet at Tanoan Country Club | Albuquerque | New Mexico | United States
* July 19, 2019 (Friday) – Santa Fe Opera “LA BOHÈME”: “Conductor Jader Bignamini and director Mary Birnbaum bring Puccini’s boisterous, poignant, heartbreaking score to life onstage.” This opera is sung in Italian with Opera

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Jul
20
Sat
11:00 am Military Coalition Luncheon @ Marriott Hotel
Military Coalition Luncheon @ Marriott Hotel
Jul 20 @ 11:00 am – 2:00 pm
You and your friends are cordially invited to the Albuquerque Military Coalition’s July 2019 Luncheon Saturday, 20 July 2019 at the Albuquerque Marriott 2101 Louisiana Blvd SE, Albuquerque, NM 87110 (at the intersection of Louisiana

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Jul
30
Tue
7:00 am MOAA Breakfast @ Weck's
MOAA Breakfast @ Weck's
Jul 30 @ 7:00 am – 8:45 am
The July 30 Breakfast Club speaker is Linda Murphree, a principal with Urbielewicz Murphree CPAs, PC, in Corrales, a firm that provides fiduciary and trustee services, as well as tax planning/preparation for businesses and individuals.

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