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A00690 Summary:

BILL NOA00690
 
SAME ASSAME AS S00414
 
SPONSORMagnarelli
 
COSPNSRSkoufis, Titone, Stirpe, Gottfried, Cook, Mosley, Lupardo, Skartados, Steck, Benedetto, Hooper, Pichardo, Arroyo, Schimminger, Englebright, Jones, Simanowitz, Simon, Ortiz, Carroll, Barnwell, Brindisi, Cahill, Abbate, Rivera, Rosenthal, Gunther
 
MLTSPNSRBraunstein, Hyndman, Magee, Thiele
 
Amd 612, Tax L
 
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 2018, $30,000 in 2019, $35,000 in 2020 and $40,000 for each subsequent year.
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