HB1389 Exempts military pensions from state income tax.
Sponsor: Blunt, Matt (139) Effective Date:01/01/2001
CoSponsor: LR Number: 3584L.01I
Last Action: 01/20/2000 - Referred: Ways and Means (H)
HB1389
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1389 Copyright(c)
* Introduced

Available Bill Text for HB1389
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1389 -- Income Tax:  Military Pensions

Sponsor:  Blunt

Under current law, annuities, pensions, retirement allowances,
and other retirement benefits provided to any person for
military service are subject to a limited state income tax
deduction of up to $6,000 of the benefits paid based on the
income of the taxpayer.  This bill will exempt from state income
tax the total military pension benefits received, regardless of
income or the amount.

The bill will become effective January 1, 2001.


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Last Updated October 5, 2000 at 11:32 am