SB 741 – Permits an income tax deduction for amount of retirement or pension income taxed by another state

• Sponsor: Crowell
• LR Number: 3101S.01I
• Committee: Pensions, Veterans' Affairs and General Laws
• Last Action: 1/10/2006 - Second Read and Referred S Pensions, Veterans' Affairs and General Laws Committee
• Effective Date: August 28, 2006

Current Bill Summary

SB 741 - This act permits a taxpayer 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.

This act is identical to Senate Bill 449 (2005).

JASON ZAMKUS