This is a Vt news story, published by MSN, that relates primarily to bill drafters news.
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MONTPELIER, Vt . (WCAX) - Efforts are underway to make paying for retirement easier. A bill introduced last week would exempt social security benefits from state income tax. According to bill drafters , Vermont is one of only 9 states with tax benefits. The bill proposes an 8-year plan to gradually phase out the tax on social security income. If passed, it would start next year and end the tax by 2034 . Under the current plan, the tax is only exempted for people making under $ 50,000 and couples under $65,000 ..
VR Score
80
Informative language
82
Neutral language
80
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