Bill Text: CT SB00415 | 2013 | General Assembly | Introduced
Bill Title: An Act Concerning The Phase-out Of Taxation Of Pension Income.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-01-23 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00415 Detail]
Download: Connecticut-2013-SB00415-Introduced.html
General Assembly |
Proposed Bill No. 415 |
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January Session, 2013 |
LCO No. 1347 | ||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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SEN. BOUCHER, 26th Dist. |
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AN ACT CONCERNING THE PHASE-OUT OF TAXATION OF 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 phase out, over a four-year period, the income tax on all pension income, with the amount of tax due on pension income in each year decreasing by twenty-five per cent, until totally exempt.
Statement of Purpose: