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

HB 5413 eliminates income limits that previously restricted who could claim a personal income tax deduction for Social Security benefits. The bill directly affects taxpayers receiving Social Security benefits who were previously ineligible for the deduction if their income exceeded certain thresholds. It modifies tax code section 12-701 to remove these income limits, allowing all Social Security recipients to claim the deduction regardless of their total income. This is a straightforward change to the tax code with no additional provisions or funding mechanisms. The bill focuses solely on removing the income-based barrier for this specific deduction.