Bill Text: CT SB00056 | 2016 | General Assembly | Introduced


Bill Title: An Act Concerning A Deduction From The Personal Income Tax For Federal Pension Income.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-02-09 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00056 Detail]

Download: Connecticut-2016-SB00056-Introduced.html

General Assembly

 

Proposed Bill No. 56

 

February Session, 2016

 

LCO No. 733

 

*00733*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

SEN. OSTEN, 19th Dist.

 

AN ACT CONCERNING A DEDUCTION FROM THE PERSONAL INCOME TAX FOR FEDERAL PENSION 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 allow a deduction from the personal income tax for federal pension income modeled on the existing deduction for Social Security benefits, including an income cap for eligibility purposes in the amount of $50,000 for single filers and $60,000 joint filers.

Statement of Purpose:

To allow parity between federal pensioners and others such as teachers, military personnel and those collecting Social Security by allowing a deduction from the personal income tax for certain federal pension income.

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