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A00690 Summary:
BILL NO | A00690A |
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SAME AS | SAME AS S00414-A |
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SPONSOR | Magnarelli (MS) |
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COSPNSR | Skoufis, Titone, Stirpe, Gottfried, Cook, Mosley, Lupardo, Skartados, Steck, Benedetto, Hooper, Pichardo, Arroyo, Schimminger, Englebright, Jones, Simon, Ortiz, Carroll, Barnwell, Brindisi, Cahill, Abbate, Rivera, Rosenthal L, Gunther, Sepulveda |
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MLTSPNSR | Braunstein, Hyndman, Magee, Thiele, Wright |
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Amd §612, Tax L | |
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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 2019, $30,000 in 2019, $35,000 in 2021 and $40,000 for each subsequent year. |