2010 Senate Bill 1568

Extend government pension income tax exemption to private pensions

Introduced in the Senate

Nov. 4, 2010

Introduced by Sen. Michael Switalski (D-10)

To revise inflation indexing details of the maximum amount of private sector pension income that is exempt under the state income tax, so as to accommodate the proposal in Senate Bill 1569 to extend to private sector retirees the same tax 100 percent exemption enjoyed by former government employees collecting a "defined benefit" pension.

Referred to the Committee on Finance