HB 4171 Summary

• Allows surviving spouses born after 1945 who reach age 67 and have not remarried to elect an unrestricted $20,000 (single) or $40,000 (joint) deduction available against all types of income instead of the standard retirement/pension deduction.

• Applies the election to surviving spouses for tax years beginning after December 31, 2019, providing relief from income restrictions that normally apply to their birth cohort.

• Maintains existing restrictions and limitations for surviving spouses based on the date of birth of the older spouse, unless the surviving spouse makes the new election.

• Effective immediately upon approval (March 27, 2020).