Text: H01012 Text: H01014 Text: H01000 - H01099 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2 as follows: 1 2 #1. Page 1, by striking lines 3 through 29 and 1 3 inserting the following: 1 4 "13. Subtract, to the extent included, the amount 1 5 of additional social security benefits taxable under 1 6 the Internal Revenue Code for tax years beginning on 1 7 or after January 1, 1994. The amount of social 1 8 security benefits taxable as provided in section 86 of 1 9 the Internal Revenue Code, as amended up to and 1 10 including January 1, 1993, continues to apply for 1 11 state income tax purposes for tax years beginning on 1 12 or after January 1, 1994, except that the base amounts 1 13 used in that section shall be forty thousand dollars 1 14 for married taxpayers filing jointly, zero dollars for 1 15 a married taxpayer who does not file jointly and does 1 16 not live apart from the taxpayer's spouse at all times 1 17 during the tax year, and thirty-one thousand for all 1 18 other taxpayers. Married taxpayers, who file a joint 1 19 federal income tax return and who elect to file 1 20 separate returns or who elect separate filing on a 1 21 combined return for state income tax purposes, shall 1 22 allocate between the spouses the amount of benefits 1 23 subtracted from net income in the ratio of the social 1 24 security benefits received by each spouse to the total 1 25 of these benefits received by both spouses." 1 26 #2. Title page, line 1, by striking the words 1 27 "phasing out" and inserting the following: "relating 1 28 to". 1 29 1 30 1 31 1 32 OSTERHAUS of Jackson 1 33 HF 2.301 79 1 34 mg/cf
Text: H01012 Text: H01014 Text: H01000 - H01099 Text: H Index Bills and Amendments: General Index Bill History: General Index
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