Bill
HB 2792
Overview: HB 2792, Exempting social security benefits from personal income tax, is currently in the House Finance committee.Purpose and Intent: The bill aims to provide tax relief
Overview: HB 2792, Exempting social security benefits from personal income tax, is currently in the House Finance committee.
Purpose and Intent: The bill aims to provide tax relief for retirees by exempting social security benefits from personal income tax.
Key Provisions:
- Excludes social security benefits from the calculation of personal income tax
- Applies the exemption to both state and federal social security benefits
Affected Parties and Impacts: The bill would benefit retirees who receive social security benefits by reducing their overall tax burden.
Procedural and Timeline Considerations: The bill is currently in the House Finance committee, where it will be further considered and potentially amended before moving to a full vote.
Compiled from official sources — confirm details with the bill’s official record.
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