HB2141 Exempts the first six thousand dollars of all public annuities, pensions and retirement income from state income tax.
Sponsor: Gaskill, Sam (131) Effective Date:00/00/0000
CoSponsor: Chrismer, Rich (16) LR Number: 4703L.02I
Last Action: 03/30/2000 - Referred: Ways and Means (H)
HB2141
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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BILL SUMMARIES BILL TEXT
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Available Bill Summaries for HB2141 Copyright(c)
* Introduced

Available Bill Text for HB2141
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 2141 -- Income Tax:  Public Pension Deduction

Co-Sponsors:  Gaskill, Chrismer, Bennett, Robirds, Tudor, Gross,
Boucher, Secrest

Under current law, the first $6,000 of public pension received
by a taxpayer is exempt from state income tax if a taxpayer's
qualified income is $32,000 or less if married or $25,000 or
less if single.  This bill eliminates the income limitation for
public pension income and allows the first $6,000 of public
pension income to be exempt for all taxpayers regardless of
income.


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Last Updated October 5, 2000 at 11:36 am