§1674.  Exemption from claim for taxes on retirement benefits by another state

A.  All property in this state is exempt from attachment, execution, and seizure for the satisfaction of a judgment or claim in favor of another state or political subdivision of another state for failure to pay that state's or that political subdivision's income tax on benefits received from a pension or other retirement plan.  

B.  A claim or judgment in favor of another state or political subdivision of another state for failure to pay that state's or that political subdivision's income tax on benefits received from a pension or other retirement plan shall not be a lien on any property in this state owned by a resident of this state.  

C.  For the purposes of this Section, "pension or other retirement plan" includes:

(1)  An annuity, pension, or profit-sharing or stock bonus or similar plan established to provide retirement benefits for an officer or employee of a public or private employer or for a self-employed individual.  

(2)  An annuity, pension, or military retirement pay plan or other retirement plan administered by the United States.  

(3)  An individual retirement account.  

Acts 1993, No. 562, §1.