HB 289 -- Income Tax Deduction for Pensions

Sponsor:  Champion

Under current law, the maximum private pension deduction allowed
for purposes of computation of individual income tax liability
is phased-in over a 5 year period beginning at $1,000 for tax
year 1998 and ending at $6,000 for tax year 2002 and
thereafter.  This bill fully implements the $6,000 maximum
deduction in the tax year 1999.

This bill contains an emergency clause.