SB 449 – Increases the income tax exemption for retirement and pension incomes

• Sponsor: Callahan
• LR Number: 1836S.01I
• Committee: Ways & Means
• Last Action: 3/12/2007 - Hearing Conducted S Ways & Means Committee
• Effective Date: August 28, 2007

Current Bill Summary

SB 449 - This act increases the income tax exemptions for publicly and privately funded pension and retirement income from the first six thousand dollars to the first nine thousand dollars for all tax years beginning on or after January 1, 2008.

This act is similar to SB 604 (2006).

JASON ZAMKUS