Bill Text: CT SB00030 | 2011 | General Assembly | Introduced

Connecticut Senate Bill 30 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning An Exemption From The Personal Income Tax For The Sale Of Securities To Pay Nursing Expenses.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-01-06 - Referred to Joint Committee on Aging [SB00030 Detail]

Download: Connecticut-2011-SB00030-Introduced.html


General Assembly		*Proposed Bill No. 30*
*January Session, 2011*		LCO No. 495

Referred to Committee on Aging
Introduced by:
SEN. PRAGUE, 19th Dist.

AN ACT CONCERNING AN EXEMPTION FROM THE PERSONAL INCOME TAX FOR THE SALE OF SECURITIES TO PAY NURSING EXPENSES.

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

That section 12-701 of the general statutes be amended to provide an exemption from the personal income tax for the proceeds of the sale of stocks or bonds, where the proceeds of such sale are used to pay for nursing care for a spouse, either in a home setting or in a nursing home.

Statement of Purpose:

To ease the financial burden of providing nursing care for a spouse.