S10175Introduced 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 Monica Martinez, District 4
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
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
May 4, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
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Bill history
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
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