General Assembly |
Proposed Bill No. 379 |
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January Session, 2015 |
LCO No. 1892 | ||||
*01892* | |||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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SEN. FORMICA, 20th Dist. |
AN ACT EXEMPTING PENSION BENEFIT INCOME AND SOCIAL SECURITY INCOME FROM TAXATION UNDER THE PERSONAL INCOME TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 229 of the general statutes be amended to exempt pension benefit income and Social Security income from taxation under the personal income tax.
Statement of Purpose:
To grant tax relief to senior citizens by exempting pension benefit income and Social Security income from taxation under the personal income tax.