Bill Text: CT HB05344 | 2015 | General Assembly | Introduced

Connecticut House Bill 5344 (Prior Session Legislation)

Introduced

Bill Title: An Act Phasing Out The Personal Income Tax On Pension Benefit Income.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-14 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05344 Detail]

Download: Connecticut-2015-HB05344-Introduced.html


General Assembly		*Proposed Bill No. 5344*
*January Session, 2015*		LCO No. 343
		00343
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BELSITO, 53rd Dist.

AN ACT PHASING OUT THE PERSONAL INCOME TAX ON PENSION BENEFIT INCOME.

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 pension benefit income from the personal income tax, and that such exemption be phased in over a period of ten years at a rate of ten per cent of such pension benefit income each year.

Statement of Purpose:

To phase out the personal income tax on pension benefit income.