HB 39 -- Income Tax: Public Pensions
Sponsor: Gaskill
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 November 26, 2001 at 11:41 am