CT HB05072 | 2024 | General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 9 2024 - 25% progression, died in committee
Action: 2024-02-09 - Referred to Joint Committee on Finance, Revenue and Bonding
Pending: Joint Finance, Revenue and Bonding Committee
Text: Latest bill text (Introduced) [PDF]

Summary

To require that, for seniors, (1) the qualifying income threshold for any personal income tax deduction be indexed to reflect the rate of inflation, and (2) the personal income tax deduction for any distribution from certain individual retirement accounts be effective for taxable years commencing on or after January 1, 2024, in lieu of the current phase-in schedule.

Tracking Information

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Title

An Act Concerning Personal Income Tax Deductions For Seniors.

Sponsors


History

DateChamberAction
2024-02-09HouseReferred to Joint Committee on Finance, Revenue and Bonding

Connecticut State Sources


Bill Comments

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