Monday, January 16, 2012

New York State increases tax exemption for Cold War Veterans

The New York Sate Legislature has taken a brave step forward for Cold War Veterans.

The legislature recently increased the amount of tax exemptions being given to Cold War Veterans. The increase was from $12,000 to $54,000. For those with service connected disabilities the increase is from $54,000 to $180,000.

This exemption is for those who served during the Cold War, from Sept. 2, 1945 to Dec. 26, 1991. Other tax exemptions for those who served during wartime periods are already in place.

It is now up to each local tax board and city council to approve the increase. It is hoped that even with
municipalities facing financial problems that each and everyone will approve the new exemption amounts as quickly as possibly.

It is just a small way to thank, honor and remember those who served. Cold War Veterans are a
very large voting block, and will remember who stood up to assist us for a long time. For those
who might be against these increases, veterans have a long memory, elections are not that far away.

Jerald Terwilliger
National Chairman
American Cold War Veterans
"We Remember"

---------------- "And so the greatest of American triumphs... became a peculiarly joyless victory. We had won the Cold War, but there would be no parades." -- Robert M. Gates, 1996