summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to exempt private pension income from taxation. Revenue.
AI Summary
This bill aims to exempt private pension income from taxation. It proposes to amend the state's tax code to allow individuals under the age of 60 to exclude up to $2,000 in pension income from their taxable income, and individuals age 60 or older to exclude up to $12,500 in pension income and other eligible retirement income, such as distributions from qualified retirement plans, 401(k) plans, government deferred compensation plans, dividends, capital gains, interest, and rental income.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see S2497 (on 04/30/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/S1566 |
Bill | https://malegislature.gov/Bills/190/S1566.pdf |
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