LD 1927
pg. 3
Page 2 of 3 An Act To Modify Taxation of Benefits under Employee Retirement Plans, Includin... LD 1927 Title Page
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LR 2707
Item 1

 
deduction increases to $20,000. Beginning with tax years beginning
January 1, 2016, the amount of the deduction is equal to the amount
of the maximum federal tax exemption for social security benefits
reduced by any social security benefits and railroad retirement
benefits actually received by the taxpayer.


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