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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
 
MLTSPNSRBarnwell, Braunstein, Englebright, Magee, Rivera, 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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