HB 1938 -- Income Tax:  Circuit Breaker

Co-Sponsors:  Gaw, Scheve, Davis (122), Abel, Boucher, Foley,
Kreider

This bill expands the income qualifications for eligibility for
the senior citizens/disabled persons property tax credit,
commonly known as circuit breaker.  Taxpayers will be allowed to
deduct from eligible income 100% of any social security
benefits, railroad retirement benefits, and public school
retirement benefits received during the tax year.

The bill will apply to tax year 2000 and thereafter.