General Assembly Proposed Bill No. 415
January Session, 2013 LCO No. 1347
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. BOUCHER, 26th Dist.
General Assembly
Proposed Bill No. 415
January Session, 2013
LCO No. 1347
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. BOUCHER, 26th Dist.
AN ACT CONCERNING THE PHASE-OUT OF TAXATION OF PENSION 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, over a four-year period, the income tax on all pension income, with the amount of tax due on pension income in each year decreasing by twenty-five per cent, until totally exempt.
Statement of Purpose:
To phase out the state taxation of pension income.