AN ACT ELIMINATING THE QUALIFYING INCOME THRESHOLDS FOR THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS.

HB 5408 eliminates income-based limits that previously restricted who could deduct Social Security benefits from their personal income tax. It directly affects residents who receive Social Security benefits and claim the state tax deduction, removing the requirement that their income fall below specific thresholds. The bill amends Section 12-701 of the tax code to allow all eligible Social Security beneficiaries to claim the deduction regardless of their income level. This change simplifies the deduction process by removing the qualifying income thresholds.