Senate Bill 0324
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DIGEST OF INTRODUCED BILL
Income tax deductions. Increases the income tax deduction for federal civil service annuity income received by an individual or the individual's surviving spouse from $2,000 to the first $25,000 of federal civil service annuity income for an individual and the first $32,000 for a husband and wife who both receive income from a federal civil service annuity. Caps the income tax deduction for Social Security and railroad retirement benefits at these amounts. (The current deduction is 100% of these benefits.) Makes technical corrections.
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| ||In Committee - first House|