SB 741 Permits an income tax deduction for amount of retirement or pension income taxed by another state
Sponsor: Crowell
LR Number: 3101S.01I Fiscal Note:
Committee: Pensions, Veterans' Affairs and General Laws
Last Action: 1/10/2006 - Second Read and Referred S Pensions, Veterans' Affairs and General Laws Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary


SB 741 - This act permits a taxpayer to deduct the amount of pension or retirement income taxed by another state from the taxpayer's federal adjusted gross income. A statement of distribution showing the portion of income previously taxed shall be submitted to the department of revenue when the taxpayer's return is filed.

This act is identical to Senate Bill 449 (2005).

JASON ZAMKUS