| SB 0649 | Exempts all pension income from taxation |
| Sponsor: | Russell | |||
| LR Number: | 2813L.01I | Fiscal Note: | 2813-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 01/06/00 - Referred S Ways & Means Committee | Journal page: | S64 | |
| Title: | ||||
| Effective Date: | January 1, 2001 | |||
SB 649 - Under current law, the first $6,000 in pension income received by retired state and federal employees is exempt from taxation. A similar exemption for other retirees is being phased in and will be complete in 2002. This act exempts all retirement income from taxation.
This act is similar to SB 992.
DAVID TALLMAN