General Assembly Proposed Bill No. 5486
January Session, 2013 LCO No. 891
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PERILLO, 113th Dist.
General Assembly
Proposed Bill No. 5486
January Session, 2013
LCO No. 891
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PERILLO, 113th Dist.
AN ACT CONCERNING THE INCOME TAX TREATMENT OF PENSION AND SOCIAL SECURITY 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 exempt income from pensions and Social Security from the personal income tax, up to a maximum amount of fifty thousand dollars in such income for individuals and one hundred thousand dollars for joint filers.
Statement of Purpose:
To remove a portion of pension and Social Security income from personal income tax calculations.