Remainder of federal civil service annuity minus certain
retirement benefits; deduction
Sec. 3.7. Each taxable year, an individual is entitled to an adjusted
gross income tax deduction equal to the remainder of:
(1) the first two thousand dollars ($2,000) which is received by
the individual during the taxable year from a federal civil
service annuity, and which is included in adjusted gross income
under Section 62 of the Internal Revenue Code; minus
(2) the total amount of social security benefits and railroad
retirement benefits received by the individual during the taxable
year.
However, the individual is only entitled to the deduction provided by
this section if the individual is at least sixty-two (62) years of age
before the end of the taxable year.
As added by Acts 1977, P.L.79, SEC.1. Amended by Acts 1980,
P.L.54, SEC.2; P.L.76-1985, SEC.1.
Last modified: May 28, 2006