Bill Title: Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater from $20,000 to $27,000 in 2027, $30,000 in 2028, $35,000 in 2029 and $40,000 for each subsequent year.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Introduced) 2025-01-08 - referred to ways and means [A00259 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember William Magnarelli [D]	Primary	Sponsored Bills	HD-129	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Albert Stirpe [D]	Cosponsor	Sponsored Bills	HD-127	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Vivian Cook [D]	Cosponsor	Sponsored Bills	HD-032	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Phillip Steck [D]	Cosponsor	Sponsored Bills	HD-110	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Michael Benedetto [D]	Cosponsor	Sponsored Bills	HD-082	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember D. Billy Jones [D]	Cosponsor	Sponsored Bills	HD-115	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Christopher Eachus [D]	Cosponsor	Sponsored Bills	HD-099	FollowTheMoney	Ballotpedia	VoteSmart

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