ID S1428

Removes age and disability classification restrictions for military retirement pay deductions, allowing all retired military members and their unremarried widows or widowers to deduct such benefits from taxable income regardless of age or disability status.

Clarifies that deduction amounts cannot exceed maximum social security benefits as adjusted annually by the state tax commission, with deductions capped at the lesser of computed retirement annuities or total retirement benefits included in gross income.

Makes technical corrections to section 63-3022A of Idaho Code by reorganizing subsection numbering and renumbering retirement benefit categories from (1), (2), (3), (4) to (a), (b), (c), (d) for consistency.

Applies retroactively to January 1, 2024, with an emergency declaration allowing immediate implementation upon passage and approval.