Connecticut-2014-SB00121-Introduced


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.