The state stands to lose
They’ve introduced about a dozen bills so far with different ways to structure a cut, to start a conversation about how the state can help retirees.
“I do not expect the bill will fund that broad of a total exemption,” Craven said. “I made it broader, so it would be much easier to retract the landscape the bill would cover versus trying to add to it.”
Craven said he’d like to see a cut spread across various types of retirement income, with exemptions only up to a capped amount. The gesture would help people see that
Changing the tax policy is House Speaker
“Ultimately I would like to exempt many forms of income that retirees receive, but I am aware of our budget limitations,” said Mattiello, a Democrat.
Craven said the state would have about
Deputy Minority Leader
Morgan said she’s confident
Keeping retirees in the state is important, she said.
“When they leave, they take their wealth with them, their contacts, their business acumen, and our state becomes poorer and poorer as a result,” Morgan said.
Willey, a managing director in the tax group at CBIZ Tofias in
“The problem the leadership has is perception,” he said. “They’re faced with studies and surveys on where’s the best state to retire, where are the worst states to retire, and