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S02903 Summary:

BILL NOS02903C
 
SAME ASSAME AS A06413-B
 
SPONSORFARLEY
 
COSPNSRSERINO, AKSHAR, AMEDORE, AVELLA, BONACIC, BOYLE, CARLUCCI, CROCI, DEFRANCISCO, FELDER, FLANAGAN, FUNKE, GALLIVAN, GOLDEN, GRIFFO, KLEIN, LANZA, LARKIN, LAVALLE, LITTLE, MARCELLINO, MARCHIONE, MARTINS, MURPHY, NOZZOLIO, O'MARA, ORTT, RANZENHOFER, RITCHIE, ROBACH, SAVINO, SEWARD, VALESKY, VENDITTO, YOUNG
 
MLTSPNSR
 
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 2017, $30,000 in 2018, $35,000 in 2019 and $40,000 for each subsequent year.
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