A typical state taxable income subtraction modification is the interest income earned from another state's bonds.

Name: A typical state taxable income subtraction modification is the interest income earned from another state's bonds.
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State taxable income subtraction modifications typically do not include interest income earned from other states' bonds; instead, most states tax this income. Interest from a state's own bonds may be exempt, but interest from other states' bonds is usually taxable.

A Typical State Taxable Income Subtraction Modification Is the Interest