S3018 — Allows a modification for up to $50,000 of individual retirement account income that is included in federal adjusted gross income for the taxable year; provided that the person with individual retirement accounts has no income from pensions.

S3018 — Allows a modification for up to $50,000 of individual retirement account income that is included in federal adjusted gross income for the taxable year; provided that the person with individual retirement accounts has no income from pensions. · Informed CitizenryThis bill proposes a change to state personal income tax rules regarding retirement savings. Specifically, it allows taxpayers to modify their filing to exclude up to $50,000 of income earned from…Open in Informed Citizenry