State Veterans Benefit Changes
Posted by Service Officer on February 15th, 2008
Illinois, Ohio, and Massachusetts have recently passed legislation to help veterans transition back into civilian life. Veterans in Massachusetts are entitled to bonuses through the State’s Welcome Home Program. Massachusetts veterans should call the State Treasurer’s office at (617) 367-9333, ext. 859, to request bonus application materials. In Illinois, a new tax law known as the Returning Veterans Homestead Exemption provides a one-time $5,000 reduction to their home’s equalized assessed value. For more information, visit the Illinois Department of Revenue website. Ohio’s governor signed a law that exempts military pensions from State income tax and also prevents discrimination against veterans. [Source: NAUS weekly Update 1 Feb 07 ++]
