HB 239 -- Income Tax Deduction for Pensions

Co-Sponsors:  Levin, Secrest

Under current law, the first $6,000 of government source pension
income and the first $3,000 of private source pension income,
subject to income limitations, is deductible for purposes of
state individual income tax.  This bill allows all pension
income, regardless of source or income of the taxpayer, to be
deductible for purposes of state individual income tax.

This bill will become effective January 1, 1999.