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House Bill 1047


House Bill 1047

ARCHIVE (2000)

Latest Information

 

DIGEST OF INTRODUCED BILL


Provides a 100% adjusted gross income tax deduction for pension and annuity income received by an individual and for individual retirement arrangement distributions received by an individual who is at least 59 1/2 years of age. Makes conforming amendments to existing provisions that provide certain partial deductions for retirement income. Reconciles conflicts between statutes enacted by the 1999 general assembly (shown in italicized type).
Current Status:
 In Committee - first House
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