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 2025, $30,000 in 2026, $35,000 in 2027 and $40,000 for each subsequent year.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 4, 2023
Last action Jan 3, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 3, 2024
Committee
REFERRED TO WAYS AND MEANS
lower
Jan 4, 2023
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 7 co-sponsors
Sponsors
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