Relating to the exclusion of certain retirement income from the calculation of net income, and including retroactive applicability provisions

Where it is now

1. ✓
   Done: IntroducedJanuary 15, 2019
2. ✓
   Done: SubcommitteeJanuary 15, 2019
3. ✕
   Stopped: Senate committeeDied when the General Assembly ended
4. Next: Passes the Senate
5. Next: House committee
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

This bill relates to the exclusion of certain retirement income from the calculation of net income. Under the bill, a taxpayer who is disabled, who is at least 55 years of age, or who is the surviving spouse or other specified survivor of that qualifying taxpayer may exclude a maximum of $12,000 of other retirement income ($24,000 for married couples). Currently, a taxpayer who is disabled, who is at least 55 years of age, or who is the surviving spouse or other specified survivor of that qualifying taxpayer may exclude a maximum of $6,000 of other retirement income ($12,000 for married couples). The bill does not affect the current exclusion of military retirement income.

Full bill text¹

Senate subcommittee

Named January 15, 2019. It hasn’t reported yet.

• Sen. Jake Chapman R
• Sen. William A. Dotzler Jr. DEmail
• Sen. R. Smith

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part