Introduced
by
To extend to the pensions of non-government workers the same 100 percent state income tax exemption granted to the pensions of retired government employees. Note: Although "defined benefit" government pensions are fully exempt from the 4.35 percent state income tax, those of retirees who worked in the private sector are only partially exempt, and "defined contribution" or 401K-type retirement benefits are not exempt at all.
Referred to the Committee on Finance
