Bill Text: CT HB05019 | 2016 | General Assembly | Introduced
Bill Title: An Act Exempting Certain Pension Income From The Personal Income Tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-02-03 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05019 Detail]
Download: Connecticut-2016-HB05019-Introduced.html
General Assembly |
Proposed Bill No. 5019 |
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February Session, 2016 |
LCO No. 173 | ||||
*00173* | |||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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REP. BELSITO, 53rd Dist. |
AN ACT EXEMPTING CERTAIN PENSION INCOME FROM THE PERSONAL INCOME TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 229 of the general statutes be amended to exempt the first fifty thousand dollars of pension income from the personal income tax.
Statement of Purpose:
To exempt certain pension income from the personal income tax in order to stop the loss of retired individuals from Connecticut to states that do not tax pension income.