The House passed HB3693 which would grant Oklahoma veterans a full tax exemption on retirement benefits they receive as a result of their service.

Under the legislation, veterans would receive a 100% tax exemption on their retirement benefits, beginning Jan. 1, 2023. Currently, veterans of the U.S. Armed Forces receive tax exemptions for up to 75% or $10,000 of the retirement benefits they receive from any component of the U.S. Armed Forces.