State Representatives Jason Perillo (R-113) and Ben McGorty (R-122) are once again proposing legislation this session that would exempt social security and pension benefits from the state income tax. Those state residents that earn social security benefits and make over $50,000 per year if single, and $60,000 if married, are currently taxed for 25% of their total receipts.
“It’s this simple; the policies of this governor and Democratic leaders in the legislature have simply made this state too expensive for people to live here, or remain here after they retire,” said Rep. Perillo. “Certainly one of the many things that make seniors and retirees on fixed incomes unable to afford to remain here is our personal income tax on Social Security receipts. This is an important first step toward reversing the state’s punitive taxation of our seniors.”