Bill Text: CT HB05201 | 2014 | General Assembly | Introduced
Bill Title: An Act Concerning State Income Tax Exemptions For Retired Government Employees And Retired Teachers.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Introduced - Dead) 2014-02-18 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05201 Detail]
Download: Connecticut-2014-HB05201-Introduced.html
General Assembly |
Proposed Bill No. 5201 |
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February Session, 2014 |
LCO No. 720 | ||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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REP. DAVIS P., 117th Dist. REP. MARONEY, 119th Dist. REP. DEMICCO, 21st Dist. |
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AN ACT CONCERNING STATE INCOME TAX EXEMPTIONS FOR RETIRED GOVERNMENT EMPLOYEES AND RETIRED TEACHERS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide that each retired government employee or retired teacher who is receiving (1) Social Security payments that are reduced by the Windfall Elimination Provision or the Government Pension Offset, and (2) a government pension receive an exemption on his or her state income tax in the following amounts: (A) for a pension of not more than fifty thousand dollars, twenty-five thousand dollars, (B) for a pension of more than fifty thousand dollars, but less than ninety thousand dollars, twenty-five thousand dollars reduced by five thousand dollars for each ten thousand dollars of pension payments above fifty thousand dollars, and (C) for a pension of ninety thousand dollars or more, five thousand dollars.
Statement of Purpose:
To change the state income tax exemption for retired government employees and retired teachers.