|SB 0334||Raises dependency exemption to $600; over 65 - $2,000|
|Last Action:||02/14/95 - Hearing Conducted S Ways & Means Committee|
|Effective Date:||August 28, 1995|
SB 334 - This act would raise the dependency exemption
deduction from $400 to $600 beginning with the 1996 tax year.
Also beginning in 1996, the dependency exemption deduction for
elderly adult dependents over 65 is increased to $2,000.