CT HB05691 | 2023 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on January 18 2023 - 25% progression, died in committee
Action: 2023-01-18 - Referred to Joint Committee on Finance, Revenue and Bonding
Pending: Joint Finance, Revenue and Bonding Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 18 2023 - 25% progression, died in committee
Action: 2023-01-18 - Referred to Joint Committee on Finance, Revenue and Bonding
Pending: Joint Finance, Revenue and Bonding Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To (1) increase, for married individuals filing jointly, the qualifying income thresholds for the personal income tax deductions for Social Security benefits, pension or annuity income and distributions from certain individual retirement accounts, (2) require the qualifying income thresholds for such deductions for all eligible filers to be indexed to reflect the rate of inflation, using the consumer price index, and (3) provide for income threshold phase-outs to eliminate the cliff effect.
Title
An Act Adjusting The Qualifying Income Thresholds For Certain Personal Income Tax Deductions And Concerning The Cliff Effect.
Sponsors
| Rep. Kerry Szeps Wood [D] | Rep. Jill Barry [D] | Rep. Christopher Poulos [D] | Rep. Jennifer Leeper [D] |
| Rep. Michael Quinn [D] | Rep. Lucy Dathan [D] | Rep. Joseph Gresko [D] | Rep. Keith Denning [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-18 | House | Referred to Joint Committee on Finance, Revenue and Bonding |
Connecticut State Sources
| Type | Source |
|---|---|
| Summary | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05691&which_year=2023 |
| Text | https://www.cga.ct.gov/2023/TOB/H/PDF/2023HB-05691-R00-HB.PDF |
