Bill Text: CT SB00121 | 2014 | General Assembly | Introduced

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Bill Title: An Act Concerning A Deduction From Income Tax For Gambling Losses.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-02-13 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00121 Detail]

Download: Connecticut-2014-SB00121-Introduced.html

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General Assembly		Proposed Bill No. 121
February Session, 2014		LCO No. 616
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. LEBEAU, 3rd Dist.

AN ACT CONCERNING A DEDUCTION FROM INCOME TAX FOR GAMBLING LOSSES.

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 for gambling losses from the personal income tax.

Statement of Purpose:

To allow an individual to deduct an amount equal to the excess of gambling losses over gambling winnings for the purpose of calculating state income tax.