SB 449 – Permits an income tax deduction for amount of retirement or pension income taxed by another state

• Sponsor: Crowell
• LR Number: 1879S.01I
• Committee: Pensions, Veterans' Affairs and General Laws
• Last Action: 3/2/2005 - Second Read and Referred S Pensions, Veterans' Affairs and General Laws Committee
• Journal Page: S338
• Effective Date: August 28, 2005

Current Bill Summary

SB 449 - This act permits a tax payer to deduct the amount of pension or retirement income taxed by another state from the taxpayer's federal adjusted gross income. A statement of distribution showing the portion of income previously taxed shall be submitted to the department of revenue when the taxpayer's return is filed.

JASON ZAMKUS