Bill Text: CT SB00049 | 2011 | General Assembly | Introduced

Connecticut Senate Bill 49 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning The Deductibility Of Amortizable Bond Premium.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2011-01-07 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00049 Detail]

Download: Connecticut-2011-SB00049-Introduced.html


General Assembly		*Proposed Bill No. 49*
*January Session, 2011*		LCO No. 254

Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. CRISCO, 17^th Dist.

AN ACT CONCERNING THE DEDUCTIBILITY OF AMORTIZABLE BOND PREMIUM.

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

That subparagraph (B)(ix) of subdivision (20) of subsection (a) of section 12-701 of the general statutes be amended to allow any state resident to deduct amortizable bond premium from such resident's personal income tax.

Statement of Purpose:

To allow any state resident to deduct amortizable bond premium and to conform state law with federal law.