By Mr. Linsky of Natick, petition (accompanied by bill, House, No. 3010) of David Paul Linsky and others for legislation to exempt the pensions of certain veterans from the income tax laws of the Commonwealth.  Revenue.

The Commonwealth of Massachusetts

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PETITION OF:

David Paul Linsky

Mark C. Montigny

Anthony J. Verga

Michael F. Rush

J. James Marzilli, Jr.

James E. Timilty

Michael E. Festa

Karen E. Spilka

Jennifer M. Callahan

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In the Year Two Thousand and Seven.

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An Act to exempt certain veterans from the state tax.

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Subparagraph (4) of paragraph (2) of subsection B of section three of chapter sixty-two of the General Laws, as appearing in the 1994 Official Edition, is hereby amended by striking out subparagraph (4) and inserting in place thereof the following section:—

(4) All sums deducted from wages as contributions to an annuity, pension, endowment or retirement fund of the United States government, the Commonwealth or any political subdivision thereof, and any income from any contributory annuity, pension, endowment or retirement fund of the United States government, the Commonwealth, or any political subdivision thereof, or any other income from a contributory annuity, pension, endowment or retirement fund of any other state or any political subdivision thereof, provided that income from any such similar fund established under the laws of the Commonwealth is not subject to taxation in such other state or political subdivision, or any income from any retirement allowance payable under section 58 of chapter 32 of the General Laws.

SECTION 2. This act shall be effective for taxable years beginning January first, 2007.