COSPNSR | SERINO, 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 |
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. |