Proposed H.B. No. 5027
Session Year 2022

AN ACT ELIMINATING THE ESTATE AND GIFT TAXES AND CONCERNING THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS AND PENSION OR ANNUITY INCOME.

To (1) eliminate the estate and gift taxes, (2) eliminate the personal income tax on Social Security benefits, regardless of income, and (3) require that pension and annuity income be exempt from the personal income tax for taxable years commencing on or after January 1, 2022, rather than the current phase-out schedule.

Other Bills with Similar Topics

  Annuities 

 

• HB05015 - AN ACT CONCERNING THE QUALIFYING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS FOR MARRIED INDIVIDUALS FILING JOINTLY.
• HB05071 - AN ACT CONCERNING THE PENSION AND ANNUITY INCOME DEDUCTION FROM THE PERSONAL INCOME TAX AND THE QUALIFYING INCOME THRESHOLD FOR MARRIED INDIVIDUALS FILING JOINTLY.
• HB05093 - AN ACT CONCERNING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS AND THE CLIFF EFFECT.
• HB05095 - AN ACT CONCERNING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS AND THE CLIFF EFFECT.
• HB05097 - AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTION FOR PENSION OR ANNUITY INCOME.
• HB05108 - AN ACT CONCERNING THE PENSION AND ANNUITY INCOME DEDUCTION FROM THE PERSONAL INCOME TAX AND THE QUALIFYING INCOME THRESHOLD FOR MARRIED INDIVIDUALS FILING JOINTLY.
• HB05408 - AN ACT CONCERNING THE QUALIFYING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS FOR MARRIED INDIVIDUALS FILING JOINTLY.
• SB00067 - AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS AND PENSION OR ANNUITY INCOME.

  Estate tax 

 

• SB00069 - AN ACT CONCERNING THE THRESHOLD FOR IMPOSITION OF THE ESTATE TAX ON FARMS.

  Income tax exemptions (State) 

 

• HB05023 - AN ACT CONCERNING CERTAIN ADJUSTMENTS FOR SENIORS TO PERSONAL INCOME TAX DEDUCTIONS.
• HB05025 - AN ACT EXEMPTING FROM THE PERSONAL INCOME TAX STIPENDS PAID TO VOLUNTEER FIREFIGHTERS AND VOLUNTEER AMBULANCE MEMBERS.
• HB05026 - AN ACT ELIMINATING THE PERSONAL INCOME TAX ON SOCIAL SECURITY BENEFITS.
• HB05097 - AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTION FOR PENSION OR ANNUITY INCOME.
• HB05114 - AN ACT EXEMPTING DISABILITY RETIREMENT INCOME FROM THE PERSONAL INCOME TAX.
• HB05506 - AN ACT ADJUSTING THE STATE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2023, CONCERNING PROVISIONS RELATED TO REVENUE, SCHOOL CONSTRUCTION AND OTHER ITEMS TO IMPLEMENT THE STATE BUDGET AND AUTHORIZING AND ADJUSTING BONDS OF THE STATE.
• SB00060 - AN ACT EXEMPTING FROM THE PERSONAL INCOME TAX STIPENDS PAID TO VOLUNTEER FIREFIGHTERS AND VOLUNTEER AMBULANCE MEMBERS.
• SB00061 - AN ACT EXEMPTING PERSONAL PROTECTIVE EQUIPMENT AND COVID-19 TEST KITS FROM THE SALES AND USE TAXES.
• SB00067 - AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS AND PENSION OR ANNUITY INCOME.

  Pensions 

 

• HB05015 - AN ACT CONCERNING THE QUALIFYING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS FOR MARRIED INDIVIDUALS FILING JOINTLY.
• HB05071 - AN ACT CONCERNING THE PENSION AND ANNUITY INCOME DEDUCTION FROM THE PERSONAL INCOME TAX AND THE QUALIFYING INCOME THRESHOLD FOR MARRIED INDIVIDUALS FILING JOINTLY.
• HB05093 - AN ACT CONCERNING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS AND THE CLIFF EFFECT.
• HB05095 - AN ACT CONCERNING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS AND THE CLIFF EFFECT.
• HB05097 - AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTION FOR PENSION OR ANNUITY INCOME.
• HB05108 - AN ACT CONCERNING THE PENSION AND ANNUITY INCOME DEDUCTION FROM THE PERSONAL INCOME TAX AND THE QUALIFYING INCOME THRESHOLD FOR MARRIED INDIVIDUALS FILING JOINTLY.
• SB00067 - AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS AND PENSION OR ANNUITY INCOME.

  Social Security 

 

• HB05015 - AN ACT CONCERNING THE QUALIFYING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS FOR MARRIED INDIVIDUALS FILING JOINTLY.
• HB05026 - AN ACT ELIMINATING THE PERSONAL INCOME TAX ON SOCIAL SECURITY BENEFITS.
• HB05068 - AN ACT CONCERNING THE SOCIAL SECURITY BENEFITS DEDUCTION FROM THE PERSONAL INCOME TAX AND THE QUALIFYING INCOME THRESHOLD FOR MARRIED INDIVIDUALS FILING JOINTLY.
• HB05093 - AN ACT CONCERNING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS AND THE CLIFF EFFECT.
• HB05095 - AN ACT CONCERNING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS AND THE CLIFF EFFECT.
• HB05408 - AN ACT CONCERNING THE QUALIFYING INCOME THRESHOLDS FOR CERTAIN PERSONAL INCOME TAX DEDUCTIONS FOR MARRIED INDIVIDUALS FILING JOINTLY.
• SB00024 - AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME TAX DEDUCTION FOR SOCIAL SECURITY INCOME.
• SB00064 - AN ACT INCREASING THE QUALIFYING INCOME THRESHOLDS FOR THE PERSONAL INCOME TAX DEDUCTION FOR SOCIAL SECURITY BENEFITS.
• SB00067 - AN ACT CONCERNING THE PERSONAL INCOME TAX DEDUCTIONS FOR SOCIAL SECURITY BENEFITS AND PENSION OR ANNUITY INCOME.