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 |
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February Session, 2016 |
LCO No. 733 | ||||
*00733* | |||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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SEN. OSTEN, 19th Dist. |
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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.