General Assembly Proposed Bill No. 5863
January Session, 2013 LCO No. 1412
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. ACKERT, 8th Dist.
General Assembly
Proposed Bill No. 5863
January Session, 2013
LCO No. 1412
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. ACKERT, 8th Dist.
AN ACT CONCERNING THE INCOME TAX TREATMENT 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 exempt pensions from income tax for retirees over the age of sixty-five, and adjusted upon full eligibility for Social Security at retirement for individuals earning up to fifty thousand dollars annually, and for joint filers up to one hundred thousand dollars.
Statement of Purpose:
To exempt certain retiree benefits from income tax.