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A01357 Summary:
| BILL NO | A01357 |
| SAME AS | SAME AS S03343 |
| SPONSOR | Magnarelli (MS) |
| COSPNSR | Gottfried, Stirpe, Cook, Lupardo, Steck, Benedetto, Pichardo, Englebright, Jones, Simon, Carroll, Barnwell, Cahill, Abbate, Rivera J, Rosenthal L, Gunther, McDonough, Seawright |
| MLTSPNSR | Braunstein, 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. | |