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2023 SESSION

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SB 1403 Income tax, state; establishes a subtraction for professional firefighter pension.

Introduced by: George L. Barker | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax subtraction; professional firefighter pension. Establishes an income tax subtraction for up to $20,000 of firefighter benefits in taxable year 2023, up to $30,000 in taxable year 2024, and up to $40,000 in taxable year 2025 and each year thereafter. The bill defines firefighter benefits to include retirement income related to firefighting services and benefits paid to the surviving spouse of a firefighter whose death occurred in the line of duty.


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