SENATE BILL 659

File Code: Taxes - Income

Sponsored By:

Senators Hooper, Colburn, Jacobs, and Mooney

Entitled:

Income Tax - Pension Exclusion - Application to Spouses Filing a Joint Return

Synopsis:

Expanding the pension exclusion allowed for State income tax purposes for individuals who are at least 65 years old or who are disabled or whose spouse is disabled, to provide that the maximum amount of the subtraction allowed for spouses filing a joint return is based on twice the maximum annual Social Security benefit amount.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

3/10

Hearing 3/25 at 1:00 p.m.

3/29

Withdrawn

House Action

No Action

Sponsored by:

Senator J. Robert Hooper, District 35

Senator Richard F. Colburn, District 37

Senator Nancy Jacobs, District 34

Senator Alexander X. Mooney, District 3

Bill indexed under the following Subjects:

DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL

ELDERLY PERSONS

EXEMPTIONS

INCOME TAX

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

Bill affects the following Statute:

Tax - General

( 10-209 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered