General Assembly Proposed Bill No. 49
January Session, 2011 LCO No. 254
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. CRISCO, 17th Dist.
General Assembly
Proposed Bill No. 49
January Session, 2011
LCO No. 254
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. CRISCO, 17th Dist.
AN ACT CONCERNING THE DEDUCTIBILITY OF AMORTIZABLE BOND PREMIUM.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That subparagraph (B)(ix) of subdivision (20) of subsection (a) of section 12-701 of the general statutes be amended to allow any state resident to deduct amortizable bond premium from such resident's personal income tax.
Statement of Purpose:
To allow any state resident to deduct amortizable bond premium and to conform state law with federal law.