§ 7-2-5.14. Exemption; social security income

An individual may claim an exemption in an amount equal to the amount included in adjusted gross income pursuant to Section 86 of the Internal Revenue Code , as that section may be amended or renumbered, of income includable except for this exemption in net income; provided that the individual's adjusted gross income shall not exceed: A. seventy-five thousand dollars ($75,000) for married individuals filing separate returns; B. one hundred fifty thousand dollars ($150,000) for heads of household, surviving spouses and married individuals filing joint returns; and C. one hundred thousand dollars ($100,000) for single individuals.