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A01357 Summary:

BILL NOA01357
 
SAME ASSAME AS S03343
 
SPONSORMagnarelli (MS)
 
COSPNSRGottfried, Stirpe, Cook, Lupardo, Steck, Benedetto, Pichardo, Englebright, Jones, Simon, Carroll, Barnwell, Cahill, Abbate, Rivera J, Rosenthal L, Gunther, McDonough
 
MLTSPNSRBraunstein, Hyndman, Thiele
 
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 2023, $30,000 in 2024, $35,000 in 2025 and $40,000 for each subsequent year.
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