Makes the first one hundred thousand dollars of an individuals' private pension non-taxable

Summary

The bill exempts up to $100,000 of pension, annuity, IRA, and qualified self‑employed retirement plan payments from state income tax for individuals who have reached age 59½. It does not apply to lump‑sum distributions and treats joint filers as if they filed separately. The change would lower state taxes for many retirees and their beneficiaries.

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