Bill Text: CT SB00420 | 2017 | General Assembly | Introduced
Bill Title: An Act Phasing Out Income Tax For Pension Income Over A Five-year Period.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-01-19 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00420 Detail]
Download: Connecticut-2017-SB00420-Introduced.html
General Assembly |
Proposed Bill No. 420 |
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January Session, 2017 |
LCO No. 2437 | ||||
*02437* | |||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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SEN. HWANG, 28th Dist. |
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AN ACT PHASING OUT INCOME TAX FOR PENSION INCOME OVER A FIVE-YEAR PERIOD.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 12 of the general statutes be amended to phase out income tax liability for pension income over a five-year period, with a twenty per cent reduction in tax each year.
Statement of Purpose: