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ND HB1390
Bill
Status
1/17/2011
Primary Sponsor
Phillip Mueller
Click for details
AI Summary
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Creates an income tax deduction for Social Security benefits and Tier One railroad retirement benefits included in federal adjusted gross income under Internal Revenue Code Section 86.
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Allows 100% deduction of qualifying benefits for single filers with federal adjusted gross income not exceeding $50,000 or joint filers not exceeding $60,000.
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Reduces deduction to 75% for single filers with income between $50,000-$70,000 or joint filers between $60,000-$80,000.
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Reduces deduction to 50% for single filers with income between $70,000-$85,000 or joint filers between $80,000-$95,000; eliminates deduction entirely above these thresholds.
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Effective for taxable years beginning after December 31, 2010.
Legislative Description
An income tax deduction for certain social security benefits; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 31 nays 63
2/15/2011