Bill Text: CT HB05123 | 2016 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: An Act Establishing A Deduction Under The Personal Income Tax For Interest Paid On Student Loans.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2016-03-04 - Public Hearing 03/09 [HB05123 Detail]

Download: Connecticut-2016-HB05123-Introduced.html

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General Assembly		Proposed Bill No. 5123
February Session, 2016		LCO No. 708
		*00708*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. KLARIDES, 114th Dist. REP. CANDELORA, 86th Dist. REP. HOYDICK, 120th Dist. REP. MINER, 66th Dist. REP. O'NEILL, 69th Dist.

AN ACT ESTABLISHING A DEDUCTION UNDER THE PERSONAL INCOME TAX FOR INTEREST PAID ON STUDENT LOANS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That chapter 229 of the general statutes be amended to establish a deduction under the personal income tax for the amount of student loan interest paid by the taxpayer to the lender.

Statement of Purpose:

To provide relief to Connecticut residents from student loan debts by establishing a deduction under the personal income tax for the amount of student loan interest paid.