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.