SB 0649 Exempts all pension income from taxation
LR Number:2813L.01I Fiscal Note:2813-01
Committee:Ways and Means
Last Action:01/06/00 - Referred S Ways & Means Committee Journal page:S64
Effective Date:January 1, 2001
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Current Bill Summary

SB 649 - Under current law, the first $6,000 in pension income received by retired state and federal employees is exempt from taxation. A similar exemption for other retirees is being phased in and will be complete in 2002. This act exempts all retirement income from taxation.

This act is similar to SB 992.