Bill Text: CT HB06536 | 2015 | General Assembly | Introduced


Bill Title: An Act Concerning The Deductibility Of Social Security Income Under The Personal Income Tax.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2015-03-13 - Public Hearing 03/18 [HB06536 Detail]

Download: Connecticut-2015-HB06536-Introduced.html

General Assembly

 

Proposed Bill No. 6536

 

January Session, 2015

 

LCO No. 2915

 

*02915*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

REP. JANOWSKI, 56th Dist.

REP. BOUKUS, 22nd Dist.

 

AN ACT CONCERNING THE DEDUCTIBILITY OF SOCIAL SECURITY INCOME UNDER 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 increase the income eligibility threshold for deducting up to one hundred per cent of Social Security income under the personal income tax from a federal adjusted gross income of fifty thousand dollars for single filers and sixty thousand dollars for joint filers, to sixty thousand dollars for single filers and seventy thousand dollars for joint filers.

Statement of Purpose:

To provide more senior citizens with the ability to deduct Social Security benefits from their Connecticut income tax. A Connecticut taxpayer currently can deduct up to one hundred per cent of the federally taxable Social Security benefits if the taxpayer has income less than fifty thousand dollars for a single filer, or sixty thousand dollars if the taxpayer files jointly.

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