A. An individual who is an armed forces retiree may claim an exemption in the following amounts of military retirement pay includable, except for this exemption, in net income:

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(1)     for taxable year 2022, ten thousand dollars ($10,000);

(2)     for taxable year 2023, twenty thousand dollars ($20,000); and

(3)     for taxable years 2024 through 2026, thirty thousand dollars ($30,000). B. As used in this section, “armed forces retiree” means a former member of the armed forces of the United States who has qualified by years of service or disability to separate from military service with lifetime benefits.