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Committee approves exemption of Social Security benefits from income tax, despite fiscal concerns
House Taxation Committee · January 24, 2025
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Summary
House Bill 148 to exempt Social Security benefits from the state income tax passed the House Taxation Committee 14-7. Supporters called the exemption conceptually sound; critics warned the fiscal note projects roughly $136 million in lost revenue in FY27, rising to about $150 million by 2029.
House Bill 148, introduced by Rep. R. Marshall, to exempt Social Security benefits from the state income tax, received committee approval after debate over the proposal's fiscal impact.
Representative Fain said he supports exempting Social Security in concept but…
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