Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater
Summary
Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater from $20,000 to $25,000 in 2023, $30,000 in 2024, $35,000 in 2025 and $40,000 for each subsequent year.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2021
Last action Jan 5, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 5, 2022
Committee
REFERRED TO WAYS AND MEANS
lower
Jan 8, 2021
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Magnarelli
DDemocratic
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