General Assembly Proposed Bill No. 5090 February Session, 2014 LCO No. 217 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. BACCHIOCHI, 52nd Dist. General Assembly Proposed Bill No. 5090 February Session, 2014 LCO No. 217 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. BACCHIOCHI, 52nd Dist. AN ACT PHASING OUT INCOME 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 the personal income taxation of pension income. Statement of Purpose: To provide tax relief to senior citizens and make Connecticut competitive with other states.