Bill Text: CT SB00213 | 2013 | General Assembly | Introduced
Bill Title: An Act Concerning Use Of One-half Of Any Budget Surplus To Broaden The Applicability Of The Personal Exemption To The Income Tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-01-22 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00213 Detail]
Download: Connecticut-2013-SB00213-Introduced.html
General Assembly |
Proposed Bill No. 213 |
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January Session, 2013 |
LCO No. 1026 | ||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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SEN. KELLY, 21st Dist. |
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AN ACT CONCERNING USE OF ONE-HALF OF ANY BUDGET SURPLUS TO BROADEN THE APPLICABILITY OF THE PERSONAL EXEMPTION TO THE INCOME TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to require that one-half of future budget surpluses be used to increase the income levels for which the personal exemption to the income tax is available.
Statement of Purpose:
To provide tax relief to residents by using half of any future state budget surplus to increase the income levels for which the personal exemption to the income tax is available.