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Senate Bill 0324


Senate Bill 0324

ARCHIVE (2012)

Latest Information

 

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.
    Current Status:
     In Committee - first House
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