Pensions taxable in the recipient's state of residence; annuities defined as periodic payments for adequate consideration. Pensions, annuities and similar remuneration for past employment are taxable only in the recipient's State of residence, subject to paragraph 2 of Article ... Summary
Pensions taxable in the recipient's state of residence; annuities defined as periodic payments for adequate consideration.
Pensions, annuities and similar remuneration for past employment are taxable only in the recipient's State of residence, subject to paragraph 2 of Article 20. "Annuity" is defined as a stated sum payable periodically at stated times during life or a specified period, paid under an obligation in return for adequate and full consideration in money or moneys worth.
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