SB55-ASA1-AA82,1,114
71.05
(6) (b) 21.
The difference between the Except for a single individual, or
5a married individual who files separately, whose federal adjusted gross income
6exceeds $100,000 in the taxable year to which this subtract modification relates, and
7except for a married couple who files jointly and whose federal adjusted gross income
8exceeds $200,000 in the taxable year to which this subtract modification relates, the 9amount of social security benefits included in federal adjusted gross income for the
10current year
and the amount as calculated under section
86 of the
internal revenue
11code as that section existed on December 31, 1992 Internal Revenue Code.".
SB55-ASA1-AA82,2,6
1"
(11w) Tax exemption for social security benefits. The treatment of section
271.05 (6) (b) 21. of the statutes first applies to taxable years beginning on January
31 of the year in which this subsection takes effect, except that if this subsection takes
4effect after July 31 the treatment of section 71.05 (6) (b) 21. of the statutes first
5applies to taxable years beginning on January 1 of the year following the year in
6which this subsection takes effect.".