General Assembly Proposed Bill No. 5488 January Session, 2013 LCO No. 941 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. O'DEA, 125th Dist. General Assembly Proposed Bill No. 5488 January Session, 2013 LCO No. 941 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. O'DEA, 125th Dist. AN ACT PHASING OUT INCOME TAXATION OF PENSIONS 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 phase out personal income taxes on pensions and Social Security income. Statement of Purpose: To provide tax relief to senior citizens and make Connecticut more competitive with other states.