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Senate advances SB11 to exempt more Social Security and military retirement from state income tax
Summary
Senate sponsors advanced SB11 to raise the Social Security exemption to $48,000 and to exempt military retirement pay, a change the sponsor says affects roughly 67,000 Social Security recipients and about 18,100 retired service members; fiscal note ~ $43 million.
Senator Dan Harper (sponsor) presented Senate Bill 11, a two-part retirement income tax bill that would (1) raise the amount of Social Security benefits exempt from Utah income tax to $48,000 and (2) exempt military retirement pay from state income tax.
"This Senate Bill 11 has two elements," Harper said. "The first, it increases the amount of Social Security that you can receive and makes it up to 48,000…
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