HB 4578 Summary

• Allows public police or fire department employees, state police troopers/sergeants, and county corrections officers subject to specific pension systems to deduct retirement or pension benefits without additional limitations or restrictions effective for tax years beginning January 1, 2023.

• Provides these public safety and corrections employees the option to either deduct retirement benefits under existing rules without restrictions, or apply standard age-based limitations that apply to other taxpayers born after 1945.

• Applies retroactively to tax years beginning January 1, 2023 and thereafter.