AN ACT ELIMINATING THE QUALIFYING INCOME THRESHOLDS FOR THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS, PENSION OR ANNUITY INCOME AND CERTAIN INDIVIDUAL RETIREMENT ACCOUNT DISTRIBUTIONS.

HB 6318 eliminates income thresholds that previously restricted eligibility for tax deductions on Social Security benefits, pension or annuity income, and certain retirement account withdrawals. It directly affects retirees and seniors whose total income might have disqualified them from claiming these deductions under current rules. The bill amends tax code section 12-701 to remove these income limits, making the deductions available to all qualifying individuals regardless of their total earnings. This changes the policy by expanding access to existing tax relief without altering deduction amounts.