S02571Introduced in the Senate
Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater from $20,000 to $25,000 in 2027, $30,000 in 2028, $35,000 in 2029 and $40,000 for each subsequent year.
Introduced by Simcha Felder, District 22
What does this bill do?
Plain-English breakdown
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Official description
Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater from $20,000 to $25,000 in 2027, $30,000 in 2028, $35,000 in 2029 and $40,000 for each subsequent year.
Where it stands
RECOMMIT, ENACTING CLAUSE STRICKEN
May 27, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
PRINT NUMBER 2571A
RECOMMIT, ENACTING CLAUSE STRICKEN
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