7-2-5.2: Exemption; income of persons sixty-five and older or blind.

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.