Any individual sixty-five years of age or older or who, for federal income tax purposes, is blind may claim an exemption in an amount specified in Subsections A through C of this section not to exceed eight thousand dollars ($8,000) of income includable except for this exemption in net income. Individuals having income both within and without this state shall apportion this exemption in accordance with regulations of the secretary:

A. for married individuals filing separate returns, for any taxable year beginning on or after January 1, 1987:

If adjusted gross income is:

The maximum amount of exemption allowable under this section shall be:

Not over $15,000

$8,000

Over $15,000 but not over $16,500

$7,000

Over $16,500 but not over $18,000

$6,000

Over $18,000 but not over $19,500

$5,000

Over $19,500 but not over $21,000

$4,000

Over $21,000 but not over $22,500

$3,000

Over $22,500 but not over $24,000

$2,000

Over $24,000 but not over $25,500

$1,000

Over $25,500

0.

B. for heads of household, surviving spouses and married individuals filing joint returns, for any taxable year beginning on or after January 1, 1987:

If adjusted gross income is:

The maximum amount of exemption allowable under this section shall be:

Not over $30,000

$8,000

Over $30,000 but not over $33,000

$7,000

Over $33,000 but not over $36,000

$6,000

Over $36,000 but not over $39,000

$5,000

Over $39,000 but not over $42,000

$4,000

Over $42,000 but not over $45,000

$3,000

Over $45,000 but not over $48,000

$2,000

Over $48,000 but not over $51,000

$1,000

Over $51,000

0.

C. for single individuals, for any taxable year beginning on or after January 1, 1987:

If adjusted gross income is:

The maximum amount of exemption allowable under this section shall be:

Not over $18,000

$8,000

Over $18,000 but not over $19,500

$7,000

Over $19,500 but not over $21,000

$6,000

Over $21,000 but not over $22,500

$5,000

Over $22,500 but not over $24,000

$4,000

Over $24,000 but not over $25,500

$3,000

Over $25,500 but not over $27,000

$2,000

Over $27,000 but not over $28,500

$1,000

Over $28,500

0.

History: 1978 Comp., § 7-2-5.2, enacted by Laws 1985, ch. 114, § 1; 1987, ch. 264, § 6.

Applicability. — Laws 1987, ch. 264, § 27 made the provisions of Sections 6 and 7 and Subsection B of Section 25 of the act applicable to taxable years beginning on or after January 1, 1987.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 334, 464.

85 C.J.S. Taxation §§ 1736 and 1737.