Senate Bill 0427

ARCHIVE (2011)

Latest Information

 
DIGEST OF INTRODUCED BILL

Taxation of civil service annuities. Provides a 100% income tax deduction, beginning in 2016, for federal civil service annuity income received by an individual or the individual's surviving spouse after subtracting Social Security benefits and railroad retirement benefits. Phases in the deduction from 2012 through 2015. Removes the requirement that an individual must be at least 62 years of age to be eligible for the federal civil service annuity income tax deduction. Provides that an individual's surviving spouse may be eligible for the federal civil service annuity income tax deduction.

    Current Status:
     In Committee - first House
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